Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Expands By 536.1%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 38,912 shares, an increase of 536.1% from the May 14th total of 6,117 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average trading volume of 20,455 shares, the short-interest ratio is currently 1.9 days.

DoubleLine Multi-Sector Income ETF Stock Performance

Shares of NYSEARCA DMX traded down $0.05 during mid-day trading on Wednesday, reaching $49.97. 4,537 shares of the company traded hands, compared to its average volume of 12,192. The company’s fifty day moving average is $50.17 and its two-hundred day moving average is $50.37. DoubleLine Multi-Sector Income ETF has a fifty-two week low of $49.75 and a fifty-two week high of $50.87.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new position in shares of DoubleLine Multi-Sector Income ETF during the 3rd quarter valued at about $756,000. Seascape Capital Management lifted its position in DoubleLine Multi-Sector Income ETF by 21.6% during the 4th quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after acquiring an additional 26,216 shares during the last quarter. Hippocratic Financial Advisors LLC lifted its position in DoubleLine Multi-Sector Income ETF by 13.2% during the 4th quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after acquiring an additional 62,856 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of DoubleLine Multi-Sector Income ETF by 52.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock worth $12,627,000 after purchasing an additional 86,308 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of DoubleLine Multi-Sector Income ETF by 3.8% during the 4th quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after purchasing an additional 4,638 shares during the last quarter.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.