Short Interest in DoubleLine Mortgage ETF (NYSEARCA:DMBS) Drops By 96.6%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 6,160 shares, a decrease of 96.6% from the February 12th total of 183,821 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 48,724 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 48,724 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

DoubleLine Mortgage ETF Stock Performance

Shares of NYSEARCA:DMBS traded down $0.13 during trading on Tuesday, hitting $49.83. The company’s stock had a trading volume of 59,595 shares, compared to its average volume of 95,524. The business has a 50 day moving average price of $49.93 and a two-hundred day moving average price of $49.82. DoubleLine Mortgage ETF has a fifty-two week low of $46.84 and a fifty-two week high of $50.54.

DoubleLine Mortgage ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.2122 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a boost from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

Several large investors have recently bought and sold shares of DMBS. Compass Financial Group Inc. Ohio acquired a new stake in DoubleLine Mortgage ETF in the 4th quarter valued at about $4,733,000. Astoria Portfolio Advisors LLC. boosted its stake in shares of DoubleLine Mortgage ETF by 108.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 318,868 shares of the company’s stock valued at $16,043,000 after buying an additional 166,243 shares during the period. Bauman Advisory Group LLC acquired a new position in shares of DoubleLine Mortgage ETF during the fourth quarter worth about $402,000. Compound Planning Inc. grew its position in shares of DoubleLine Mortgage ETF by 1,467.1% during the fourth quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock worth $13,552,000 after buying an additional 255,512 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of DoubleLine Mortgage ETF by 1.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 34,376 shares of the company’s stock worth $1,707,000 after buying an additional 432 shares during the period.

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.