DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Update

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 26,525 shares, a drop of 40.0% from the May 31st total of 44,181 shares. Based on an average daily volume of 65,409 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter worth approximately $31,346,000. Mariner LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF during the fourth quarter valued at approximately $20,302,000. Journey Advisory Group LLC raised its holdings in shares of DoubleLine Opportunistic Bond ETF by 296.5% during the first quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock valued at $22,727,000 after acquiring an additional 370,972 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in DoubleLine Opportunistic Bond ETF in the third quarter worth $13,981,000. Finally, Raymond James Financial Inc. lifted its stake in DoubleLine Opportunistic Bond ETF by 290.0% in the second quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock worth $18,260,000 after acquiring an additional 293,626 shares during the period.

DoubleLine Opportunistic Bond ETF Price Performance

NYSEARCA:DBND remained flat at $45.37 during midday trading on Friday. 63,559 shares of the company were exchanged, compared to its average volume of 79,548. The business has a 50 day moving average of $45.53 and a two-hundred day moving average of $46.02. DoubleLine Opportunistic Bond ETF has a 52 week low of $45.03 and a 52 week high of $47.05.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.