DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Get Free Report) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 1,798 shares, a drop of 65.7% from the February 26th total of 5,249 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,800 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF
A number of hedge funds have recently made changes to their positions in DABS. Harbour Investments Inc. purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 4th quarter valued at $51,000. Basso Capital Management L.P. lifted its stake in DoubleLine Asset-Backed Securities ETF by 133.3% in the third quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock worth $179,000 after purchasing an additional 2,000 shares during the last quarter. Csenge Advisory Group bought a new stake in DoubleLine Asset-Backed Securities ETF in the fourth quarter worth $361,000. A4 Wealth Advisors LLC purchased a new stake in DoubleLine Asset-Backed Securities ETF during the third quarter valued at about $390,000. Finally, Naples Global Advisors LLC purchased a new stake in DoubleLine Asset-Backed Securities ETF during the third quarter valued at about $407,000.
DoubleLine Asset-Backed Securities ETF Stock Performance
NYSEARCA:DABS traded down $0.22 during mid-day trading on Thursday, reaching $50.57. The stock had a trading volume of 13,678 shares, compared to its average volume of 15,046. The firm has a 50 day moving average price of $51.03 and a two-hundred day moving average price of $51.01. DoubleLine Asset-Backed Securities ETF has a one year low of $49.49 and a one year high of $54.15.
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.
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