DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Decrease in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 63,352 shares, a drop of 93.3% from the October 15th total of 941,727 shares. Based on an average trading volume of 131,849 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

DoubleLine Opportunistic Bond ETF Stock Down 0.6%

Shares of DoubleLine Opportunistic Bond ETF stock traded down $0.26 during trading hours on Thursday, reaching $43.65. The company’s stock had a trading volume of 44,614 shares, compared to its average volume of 90,703. The stock’s fifty day simple moving average is $43.91 and its two-hundred day simple moving average is $45.22. DoubleLine Opportunistic Bond ETF has a one year low of $43.18 and a one year high of $47.05.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in DoubleLine Opportunistic Bond ETF during the 1st quarter valued at $31,346,000. Journey Advisory Group LLC grew its stake in shares of DoubleLine Opportunistic Bond ETF by 296.5% in the 1st quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock worth $22,727,000 after acquiring an additional 370,972 shares in the last quarter. January Capital Advisors LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter worth $6,996,000. Boothe Investment Group Inc. raised its holdings in shares of DoubleLine Opportunistic Bond ETF by 15.8% in the third quarter. Boothe Investment Group Inc. now owns 873,431 shares of the company’s stock valued at $37,977,000 after purchasing an additional 118,950 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of DoubleLine Opportunistic Bond ETF in the second quarter valued at about $1,311,000.

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.