DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 6,403 shares, a growth of 65.8% from the July 30th total of 3,863 shares. Based on an average daily volume of 11,293 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in DABS. Root Financial Partners LLC bought a new stake in DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at $31,000. Harbour Investments Inc. bought a new position in DoubleLine Asset-Backed Securities ETF during the fourth quarter worth $51,000. Legacy Capital Group California Inc. acquired a new position in shares of DoubleLine Asset-Backed Securities ETF in the first quarter valued at $264,000. Basso Capital Management L.P. increased its holdings in shares of DoubleLine Asset-Backed Securities ETF by 57.1% in the fourth quarter. Basso Capital Management L.P. now owns 5,500 shares of the company’s stock valued at $280,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of DoubleLine Asset-Backed Securities ETF in the first quarter valued at about $328,000.
DoubleLine Asset-Backed Securities ETF Trading Down 0.6%
DoubleLine Asset-Backed Securities ETF stock traded down $0.29 during midday trading on Tuesday, reaching $50.11. 8,380 shares of the company’s stock were exchanged, compared to its average volume of 15,825. The stock’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $50.63. DoubleLine Asset-Backed Securities ETF has a 52 week low of $50.06 and a 52 week high of $51.52.
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.
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