DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Down 35.2% in June

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,622 shares, a decline of 35.2% from the May 31st total of 14,849 shares. Based on an average daily trading volume, of 15,282 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

DoubleLine Asset-Backed Securities ETF Stock Down 0.4%

DABS stock opened at $50.49 on Thursday. The business has a 50 day moving average of $50.54 and a 200-day moving average of $50.79. DoubleLine Asset-Backed Securities ETF has a 12-month low of $50.26 and a 12-month high of $51.52.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at $2,195,000. Legacy Capital Group California Inc. purchased a new position in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter worth about $264,000. Beam Wealth Advisors Inc. grew its position in DoubleLine Asset-Backed Securities ETF by 20.7% during the first quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock valued at $16,938,000 after buying an additional 57,132 shares during the period. Root Financial Partners LLC bought a new position in DoubleLine Asset-Backed Securities ETF during the first quarter valued at about $31,000. Finally, Ritholtz Wealth Management purchased a new stake in DoubleLine Asset-Backed Securities ETF during the first quarter worth about $328,000.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.