Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,850 shares, a decline of 76.8% from the July 15th total of 46,789 shares. Based on an average trading volume of 1,832 shares, the short-interest ratio is presently 5.9 days. Currently, 1.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Doubleline Fortune 500 Equal Weight ETF
Several hedge funds have recently added to or reduced their stakes in DFVE. Root Financial Partners LLC bought a new position in Doubleline Fortune 500 Equal Weight ETF during the first quarter worth about $28,000. Foundations Investment Advisors LLC increased its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after acquiring an additional 119,991 shares during the last quarter. Finally, Mutual Advisors LLC increased its stake in shares of 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 valued at $262,000 after acquiring an additional 347 shares during the last quarter.
Doubleline Fortune 500 Equal Weight ETF Price Performance
Shares of DFVE stock traded up $0.31 during trading hours on Thursday, reaching $37.68. The company had a trading volume of 8,611 shares, compared to its average volume of 5,181. The company has a 50 day moving average of $36.14 and a 200 day moving average of $34.62. The firm has a market cap of $38.43 million, a price-to-earnings ratio of 15.69 and a beta of 0.78. Doubleline Fortune 500 Equal Weight ETF has a 1-year low of $30.10 and a 1-year high of $39.71.
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.
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