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

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 48,756 shares, a decline of 70.5% from the June 30th total of 165,512 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 69,283 shares, the days-to-cover ratio is presently 0.7 days.

DoubleLine Opportunistic Bond ETF Trading Up 0.0%

DoubleLine Opportunistic Bond ETF stock opened at $44.90 on Friday. DoubleLine Opportunistic Bond ETF has a 12-month low of $44.85 and a 12-month high of $47.05. The firm’s fifty day moving average is $45.35 and its 200 day moving average is $45.88.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shrier Wealth Management LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 11.5% in the second quarter. Shrier Wealth Management LLC now owns 20,156 shares of the company’s stock worth $919,000 after acquiring an additional 2,084 shares in the last quarter. Centurion Wealth Management LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 2.0% during the second quarter. Centurion Wealth Management LLC now owns 30,022 shares of the company’s stock valued at $1,369,000 after acquiring an additional 600 shares in the last quarter. Stonehearth Capital Management LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 3.7% during the second quarter. Stonehearth Capital Management LLC now owns 8,812 shares of the company’s stock worth $402,000 after purchasing an additional 315 shares during the period. NewEdge Advisors LLC acquired a new position in shares of DoubleLine Opportunistic Bond ETF during the first quarter worth approximately $31,346,000. Finally, January Capital Advisors LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter worth $6,996,000.

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.