DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Update

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 26,525 shares, a drop of 40.0% from the May 31st total of 44,181 shares. Based on an average daily volume of 65,409 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DBND. NewEdge Advisors LLC acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter valued at $31,346,000. January Capital Advisors LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter worth about $6,996,000. Boothe Investment Group Inc. grew its holdings in shares of DoubleLine Opportunistic Bond ETF by 5.3% in the 1st quarter. Boothe Investment Group Inc. now owns 679,687 shares of the company’s stock worth $31,136,000 after purchasing an additional 34,208 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of DoubleLine Opportunistic Bond ETF during the 1st quarter worth about $101,000. Finally, Bank of America Corp DE increased its position in shares of DoubleLine Opportunistic Bond ETF by 224.9% during the 1st quarter. Bank of America Corp DE now owns 14,056 shares of the company’s stock worth $644,000 after purchasing an additional 9,730 shares in the last quarter.

DoubleLine Opportunistic Bond ETF Trading Down 0.6%

DoubleLine Opportunistic Bond ETF stock traded down $0.26 on Wednesday, hitting $45.33. The company’s stock had a trading volume of 55,621 shares, compared to its average volume of 79,677. DoubleLine Opportunistic Bond ETF has a one year low of $45.03 and a one year high of $47.05. The company has a fifty day moving average price of $45.55 and a 200-day moving average price of $46.02.

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.