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

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 44,181 shares, an increase of 58.5% from the May 14th total of 27,877 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 84,848 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF during the fourth quarter valued at approximately $74,000. Western Wealth Management LLC bought a new stake in DoubleLine Opportunistic Bond ETF during the 1st quarter worth approximately $101,000. Clayton Financial Group LLC bought a new stake in DoubleLine Opportunistic Bond ETF during the 4th quarter worth approximately $125,000. Bank of America Corp DE bought a new position in DoubleLine Opportunistic Bond ETF in the 3rd quarter worth $125,000. Finally, Farther Finance Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 5,775.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock worth $131,000 after buying an additional 2,772 shares during the period.

DoubleLine Opportunistic Bond ETF Trading Up 0.0%

NYSEARCA:DBND traded up $0.01 during mid-day trading on Wednesday, hitting $45.60. 3,177 shares of the company’s stock were exchanged, compared to its average volume of 78,683. DoubleLine Opportunistic Bond ETF has a one year low of $45.03 and a one year high of $47.05. The business has a fifty day moving average price of $45.63 and a 200 day moving average price of $46.10.

About DoubleLine Opportunistic Bond ETF

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.