Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Update

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 38,762 shares, a growth of 215.5% from the May 31st total of 12,287 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average trading volume of 6,050 shares, the days-to-cover ratio is presently 6.4 days.

Doubleline Fortune 500 Equal Weight ETF Stock Performance

DFVE traded up $0.16 on Friday, reaching $36.00. The company had a trading volume of 6,387 shares, compared to its average volume of 5,580. Doubleline Fortune 500 Equal Weight ETF has a 52-week low of $29.45 and a 52-week high of $36.08. The company has a market cap of $32.40 million, a price-to-earnings ratio of 15.69 and a beta of 0.82. The business has a 50 day simple moving average of $34.84 and a 200 day simple moving average of $33.68.

Institutional Inflows and Outflows

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

Doubleline Fortune 500 Equal Weight ETF Company Profile

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.