DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Large Decrease in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,798 shares, a decrease of 65.7% from the February 26th total of 5,249 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DABS. Gradient Investments LLC increased its position in DoubleLine Asset-Backed Securities ETF by 5.7% during the 3rd quarter. Gradient Investments LLC now owns 1,010,950 shares of the company’s stock worth $51,630,000 after purchasing an additional 54,162 shares in the last quarter. Beam Wealth Advisors Inc. acquired a new stake in DoubleLine Asset-Backed Securities ETF in the third quarter valued at approximately $12,945,000. Focus Partners Wealth bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the third quarter worth $172,637,000. Harbour Investments Inc. bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the fourth quarter worth $51,000. Finally, Foundations Investment Advisors LLC increased its holdings in shares of DoubleLine Asset-Backed Securities ETF by 119.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock worth $5,207,000 after buying an additional 55,711 shares in the last quarter.

DoubleLine Asset-Backed Securities ETF Price Performance

NYSEARCA DABS remained flat at $50.74 during midday trading on Wednesday. The company’s stock had a trading volume of 6,390 shares, compared to its average volume of 15,261. The business has a fifty day moving average of $51.04 and a 200-day moving average of $51.01. DoubleLine Asset-Backed Securities ETF has a 52-week low of $49.49 and a 52-week high of $54.15.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.