Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Up 47.8% in August

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 16,031 shares, a growth of 47.8% from the July 30th total of 10,850 shares. Based on an average daily trading volume, of 6,328 shares, the short-interest ratio is currently 2.5 days. Currently, 1.6% of the shares of the stock are sold short.

Doubleline Fortune 500 Equal Weight ETF Stock Performance

Doubleline Fortune 500 Equal Weight ETF stock opened at $36.72 on Wednesday. The company’s fifty day moving average price is $36.62 and its 200 day moving average price is $34.94. Doubleline Fortune 500 Equal Weight ETF has a 1 year low of $30.10 and a 1 year high of $39.71. The stock has a market capitalization of $37.45 million, a P/E ratio of 15.69 and a beta of 0.78.

Institutional Trading of Doubleline Fortune 500 Equal Weight ETF

Several institutional investors have recently modified their holdings of DFVE. Mutual Advisors LLC increased its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after purchasing an additional 347 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Doubleline Fortune 500 Equal Weight ETF by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after buying an additional 119,991 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF in the 1st quarter valued at about $28,000.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.