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

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 131,098 shares, a growth of 187.1% from the July 30th total of 45,659 shares. Based on an average daily volume of 88,405 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the company’s stock are sold short.

DoubleLine Opportunistic Bond ETF Stock Down 0.1%

DBND stock traded down $0.05 on Thursday, reaching $45.08. 306,339 shares of the company traded hands, compared to its average volume of 80,422. DoubleLine Opportunistic Bond ETF has a one year low of $44.74 and a one year high of $47.05. The firm has a fifty day simple moving average of $45.17 and a 200-day simple moving average of $45.65.

Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Stonehearth Capital Management LLC raised its position in DoubleLine Opportunistic Bond ETF by 3.7% during the 2nd quarter. Stonehearth Capital Management LLC now owns 8,812 shares of the company’s stock valued at $402,000 after purchasing an additional 315 shares in the last quarter. Manchester Financial Inc. raised its position in shares of DoubleLine Opportunistic Bond ETF by 6.2% in the 1st quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock worth $391,000 after acquiring an additional 498 shares in the last quarter. Principia Wealth Advisory LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 5.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 10,926 shares of the company’s stock worth $507,000 after purchasing an additional 542 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 2.4% in the 4th quarter. AQR Capital Management LLC now owns 24,641 shares of the company’s stock valued at $1,142,000 after buying an additional 567 shares in the last quarter. Finally, Stewardship Advisors LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 7.4% in the 1st quarter. Stewardship Advisors LLC now owns 8,304 shares of the company’s stock valued at $380,000 after buying an additional 570 shares in the last quarter.

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.