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

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 19,363 shares, a decline of 61.1% from the February 12th total of 49,836 shares. Based on an average daily trading volume, of 89,082 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 89,082 shares, the short-interest ratio is presently 0.2 days.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of NYSEARCA DBND traded down $0.07 during trading on Friday, reaching $45.87. The company had a trading volume of 121,656 shares, compared to its average volume of 95,754. The stock has a 50-day moving average price of $46.50 and a two-hundred day moving average price of $46.51. DoubleLine Opportunistic Bond ETF has a twelve month low of $44.92 and a twelve month high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.1662 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in DoubleLine Opportunistic Bond ETF by 101.3% in the first quarter. Royal Bank of Canada now owns 44,576 shares of the company’s stock valued at $2,058,000 after acquiring an additional 22,437 shares in the last quarter. Jane Street Group LLC increased its position in DoubleLine Opportunistic Bond ETF by 28.0% in the 1st quarter. Jane Street Group LLC now owns 50,058 shares of the company’s stock valued at $2,311,000 after acquiring an additional 10,959 shares during the period. Austin Wealth Management LLC acquired a new position in shares of DoubleLine Opportunistic Bond ETF during the second quarter valued at $3,921,000. Foundations Investment Advisors LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 81.1% during the 2nd quarter. Foundations Investment Advisors LLC now owns 393,834 shares of the company’s stock worth $18,211,000 after buying an additional 176,370 shares in the last quarter. Finally, CW Advisors LLC raised its holdings in DoubleLine Opportunistic Bond ETF by 3.0% during the second quarter. CW Advisors LLC now owns 100,599 shares of the company’s stock worth $4,652,000 after purchasing an additional 2,906 shares in the last quarter.

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.