Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Rises By 143.7%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 21,617 shares, an increase of 143.7% from the June 15th total of 8,872 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 10,538 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On DoubleLine Multi-Sector Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter worth approximately $38,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of DoubleLine Multi-Sector Income ETF during the 1st quarter worth approximately $282,000. Jane Street Group LLC acquired a new stake in shares of DoubleLine Multi-Sector Income ETF in the first quarter valued at approximately $360,000. JPMorgan Chase & Co. bought a new stake in shares of DoubleLine Multi-Sector Income ETF in the third quarter worth $756,000. Finally, Sanctuary Advisors LLC lifted its position in shares of DoubleLine Multi-Sector Income ETF by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after purchasing an additional 4,638 shares in the last quarter.

DoubleLine Multi-Sector Income ETF Price Performance

Shares of DMX remained flat at $50.01 during midday trading on Tuesday. The company’s stock had a trading volume of 16,275 shares, compared to its average volume of 12,001. The firm has a fifty day moving average of $50.13 and a 200 day moving average of $50.30. DoubleLine Multi-Sector Income ETF has a 1 year low of $49.75 and a 1 year high of $50.87.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.