DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Up 130.5% in February

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 49,836 shares, an increase of 130.5% from the January 29th total of 21,624 shares. Based on an average daily volume of 93,983 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 93,983 shares, the days-to-cover ratio is currently 0.5 days.

DoubleLine Opportunistic Bond ETF Trading Up 0.2%

DBND stock traded up $0.09 during midday trading on Friday, hitting $46.94. 68,149 shares of the company traded hands, compared to its average volume of 78,209. DoubleLine Opportunistic Bond ETF has a twelve month low of $44.92 and a twelve month high of $47.05. The business has a 50 day simple moving average of $46.51 and a 200-day simple moving average of $46.49.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were paid a $0.1671 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC lifted its position in shares of DoubleLine Opportunistic Bond ETF by 12.8% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 414,817 shares of the company’s stock worth $19,301,000 after buying an additional 47,109 shares during the period. Bristlecone Advisors LLC grew its position in DoubleLine Opportunistic Bond ETF by 41.8% in the third quarter. Bristlecone Advisors LLC now owns 74,663 shares of the company’s stock valued at $3,474,000 after acquiring an additional 21,993 shares during the period. Boothe Investment Group Inc. raised its stake in DoubleLine Opportunistic Bond ETF by 7.3% during the third quarter. Boothe Investment Group Inc. now owns 636,766 shares of the company’s stock worth $29,629,000 after acquiring an additional 43,243 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in DoubleLine Opportunistic Bond ETF during the second quarter worth $6,136,000. Finally, Centurion Wealth Management LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF during the third quarter valued at $1,208,000.

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.