DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Up 727.6% in February

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 183,821 shares, an increase of 727.6% from the January 29th total of 22,212 shares. Based on an average daily volume of 175,427 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 175,427 shares, the days-to-cover ratio is presently 1.0 days.

DoubleLine Mortgage ETF Price Performance

DMBS traded down $0.06 during trading hours on Wednesday, hitting $50.29. 43,021 shares of the company’s stock were exchanged, compared to its average volume of 103,052. DoubleLine Mortgage ETF has a 12-month low of $46.84 and a 12-month high of $50.38. The firm has a 50 day moving average of $49.87 and a 200 day moving average of $49.76.

DoubleLine Mortgage ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2077 per share. This is an increase from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC raised its position in DoubleLine Mortgage ETF by 28.3% in the 3rd quarter. Gradient Investments LLC now owns 2,406,817 shares of the company’s stock valued at $119,571,000 after purchasing an additional 531,491 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of DoubleLine Mortgage ETF by 13.6% during the second quarter. Evergreen Capital Management LLC now owns 645,725 shares of the company’s stock worth $31,686,000 after buying an additional 77,130 shares during the period. Tortoise Investment Management LLC increased its stake in shares of DoubleLine Mortgage ETF by 6.9% during the second quarter. Tortoise Investment Management LLC now owns 320,021 shares of the company’s stock worth $15,703,000 after buying an additional 20,762 shares during the period. Legacy CG LLC raised its holdings in DoubleLine Mortgage ETF by 11.0% in the third quarter. Legacy CG LLC now owns 326,953 shares of the company’s stock valued at $16,243,000 after acquiring an additional 32,401 shares in the last quarter. Finally, Mattson Financial Services LLC lifted its stake in DoubleLine Mortgage ETF by 23.3% in the third quarter. Mattson Financial Services LLC now owns 260,336 shares of the company’s stock worth $12,933,000 after acquiring an additional 49,237 shares during the last quarter.

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.