DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 21,617 shares, an increase of 143.7% from the June 15th total of 8,872 shares. Based on an average trading volume of 10,538 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.1% of the company’s stock are short sold.
DoubleLine Multi-Sector Income ETF Price Performance
DMX stock traded up $0.05 during mid-day trading on Wednesday, reaching $50.15. 9,787 shares of the company traded hands, compared to its average volume of 12,004. The firm’s 50 day moving average price is $50.13 and its 200 day moving average price is $50.30. 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
A number of large investors have recently made changes to their positions in DMX. Foundations Investment Advisors LLC increased its stake 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. Hippocratic Financial Advisors LLC lifted its stake in DoubleLine Multi-Sector Income ETF by 13.2% in the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock valued at $27,276,000 after purchasing an additional 62,856 shares during the last quarter. Seascape Capital Management lifted its stake in DoubleLine Multi-Sector Income ETF by 21.6% in the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock valued at $7,443,000 after purchasing an additional 26,216 shares during the last quarter. JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF during the third quarter valued at $756,000. Finally, Jane Street Group LLC bought a new position in DoubleLine Multi-Sector Income ETF during the first quarter valued at $360,000.
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.
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