DoubleLine Mortgage ETF (NYSEARCA:DMBS – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,494 shares, a drop of 75.5% from the July 30th total of 38,692 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 65,712 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On DoubleLine Mortgage ETF
Hedge funds have recently added to or reduced their stakes in the company. Advocacy Wealth Management LLC acquired a new position in shares of DoubleLine Mortgage ETF during the 4th quarter worth about $48,488,000. Captrust Financial Advisors acquired a new stake in shares of DoubleLine Mortgage ETF in the 4th quarter valued at approximately $46,036,000. Cambridge Associates LLC MA ADV acquired a new stake in shares of DoubleLine Mortgage ETF in the 4th quarter valued at approximately $20,302,000. Compound Planning Inc. boosted its stake in DoubleLine Mortgage ETF by 1,467.1% during the 4th quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock worth $13,552,000 after acquiring an additional 255,512 shares during the last quarter. Finally, Mariner LLC bought a new position in DoubleLine Mortgage ETF during the 4th quarter worth approximately $8,293,000.
DoubleLine Mortgage ETF Price Performance
NYSEARCA DMBS opened at $48.17 on Friday. DoubleLine Mortgage ETF has a twelve month low of $48.07 and a twelve month high of $50.54. The company’s 50-day simple moving average is $48.54 and its 200 day simple moving average is $49.09.
DoubleLine Mortgage ETF Company Profile
The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.
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