DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Significant Drop in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 5,249 shares, a decrease of 69.0% from the February 12th total of 16,958 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 10,599 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 10,599 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of NYSEARCA DABS remained flat at $50.89 during trading hours on Friday. The company had a trading volume of 11,386 shares, compared to its average volume of 16,012. DoubleLine Asset-Backed Securities ETF has a 12-month low of $49.49 and a 12-month high of $54.15. The company has a 50-day moving average price of $51.04 and a two-hundred day moving average price of $51.01.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth acquired a new position in shares of DoubleLine Asset-Backed Securities ETF during the third quarter worth $172,637,000. Gradient Investments LLC grew its stake in DoubleLine Asset-Backed Securities ETF by 8.7% during the 4th quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock worth $55,925,000 after buying an additional 87,563 shares during the last quarter. Beam Wealth Advisors Inc. grew its stake in DoubleLine Asset-Backed Securities ETF by 9.0% during the 4th quarter. Beam Wealth Advisors Inc. now owns 276,379 shares of the company’s stock worth $14,070,000 after buying an additional 22,905 shares during the last quarter. Asset Advisors Investment Management LLC purchased a new stake in DoubleLine Asset-Backed Securities ETF in the fourth quarter valued at about $7,803,000. Finally, Foundations Investment Advisors LLC boosted its holdings in DoubleLine Asset-Backed Securities ETF by 119.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock worth $5,207,000 after acquiring an additional 55,711 shares in the last quarter.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.