Short Interest in DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Decreases By 40.5%

DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 16,343 shares, a drop of 40.5% from the June 15th total of 27,454 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 84,133 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of DoubleLine Commercial Real Estate ETF during the second quarter valued at approximately $40,000. PNC Financial Services Group Inc. bought a new position in shares of DoubleLine Commercial Real Estate ETF in the 1st quarter worth $47,000. Cornerstone Planning Group LLC purchased a new position in shares of DoubleLine Commercial Real Estate ETF during the first quarter valued at approximately $50,000. Fifth Third Bancorp bought a new stake in DoubleLine Commercial Real Estate ETF during the first quarter worth $123,000. Finally, Root Financial Partners LLC bought a new stake in DoubleLine Commercial Real Estate ETF during the first quarter worth $167,000.

DoubleLine Commercial Real Estate ETF Stock Down 0.1%

Shares of DoubleLine Commercial Real Estate ETF stock traded down $0.05 during trading on Thursday, reaching $51.65. 3,357 shares of the company traded hands, compared to its average volume of 43,956. DoubleLine Commercial Real Estate ETF has a 1-year low of $51.49 and a 1-year high of $52.56. The company has a 50 day moving average price of $51.70 and a 200-day moving average price of $51.90.

DoubleLine Commercial Real Estate ETF Company Profile

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.