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

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,726 shares, an increase of 170.6% from the April 15th total of 2,116 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,444 shares, the days-to-cover ratio is presently 0.9 days.

DoubleLine Asset-Backed Securities ETF Trading Up 0.1%

DoubleLine Asset-Backed Securities ETF stock opened at $50.56 on Friday. The business’s 50-day simple moving average is $50.74 and its two-hundred day simple moving average is $50.91. DoubleLine Asset-Backed Securities ETF has a fifty-two week low of $49.79 and a fifty-two week high of $54.15.

Institutional Trading of DoubleLine Asset-Backed Securities ETF

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at about $31,000. Harbour Investments Inc. purchased a new stake in DoubleLine Asset-Backed Securities ETF during the 4th quarter valued at about $51,000. Basso Capital Management L.P. grew its stake in DoubleLine Asset-Backed Securities ETF by 133.3% during the 3rd quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after purchasing an additional 2,000 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at about $264,000. Finally, Ritholtz Wealth Management purchased a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at about $328,000.

About DoubleLine Asset-Backed Securities ETF

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.