DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Large Growth in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 941,727 shares, an increase of 1,702.9% from the September 30th total of 52,234 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average trading volume of 211,109 shares, the days-to-cover ratio is currently 4.5 days.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in DoubleLine Opportunistic Bond ETF during the 1st quarter valued at $101,000. First Financial Group Corp acquired a new position in shares of DoubleLine Opportunistic Bond ETF in the first quarter valued at approximately $216,000. Maridea Wealth Management LLC acquired a new stake in DoubleLine Opportunistic Bond ETF during the 2nd quarter worth approximately $269,000. Triumph Capital Management boosted its holdings in DoubleLine Opportunistic Bond ETF by 132.8% during the second quarter. Triumph Capital Management now owns 7,590 shares of the company’s stock worth $346,000 after purchasing an additional 4,330 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the first quarter worth about $350,000.

DoubleLine Opportunistic Bond ETF Stock Performance

DBND stock opened at $43.97 on Tuesday. The firm has a 50 day moving average of $44.15 and a 200-day moving average of $45.38. DoubleLine Opportunistic Bond ETF has a 12 month low of $43.18 and a 12 month high of $47.05.

About DoubleLine Opportunistic Bond ETF

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.