DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Decrease in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 63,352 shares, a decrease of 93.3% from the October 15th total of 941,727 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 131,849 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in DoubleLine Opportunistic Bond ETF in the first quarter worth $31,346,000. Journey Advisory Group LLC increased its stake in shares of DoubleLine Opportunistic Bond ETF by 296.5% in the first quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock valued at $22,727,000 after buying an additional 370,972 shares in the last quarter. January Capital Advisors LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF in the first quarter valued at about $6,996,000. Boothe Investment Group Inc. raised its holdings in shares of DoubleLine Opportunistic Bond ETF by 15.8% in the third quarter. Boothe Investment Group Inc. now owns 873,431 shares of the company’s stock valued at $37,977,000 after buying an additional 118,950 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in DoubleLine Opportunistic Bond ETF during the 2nd quarter worth about $1,311,000.

DoubleLine Opportunistic Bond ETF Stock Down 0.6%

DBND stock traded down $0.26 during midday trading on Tuesday, hitting $43.96. The stock had a trading volume of 71,559 shares, compared to its average volume of 91,183. DoubleLine Opportunistic Bond ETF has a 52 week low of $43.18 and a 52 week high of $47.05. The stock has a 50-day simple moving average of $43.96 and a 200 day simple moving average of $45.26.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.