Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Declines By 94.0%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,428 shares, a drop of 94.0% from the January 15th total of 40,271 shares. Based on an average daily volume of 8,010 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 8,010 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Mutual Advisors LLC purchased a new position in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,558 shares of the company’s stock, valued at approximately $232,000. Mutual Advisors LLC owned 1.40% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent reporting period.

Doubleline Fortune 500 Equal Weight ETF Stock Down 1.6%

NYSEARCA DFVE traded down $0.55 on Thursday, reaching $33.92. The company had a trading volume of 2,314 shares, compared to its average volume of 5,783. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $24.25 and a 52 week high of $34.50. The stock’s 50 day moving average is $32.89 and its 200-day moving average is $31.68. The stock has a market cap of $26.46 million, a price-to-earnings ratio of 15.69 and a beta of 0.98.

About Doubleline Fortune 500 Equal Weight ETF

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.