Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Rises By 139.4%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 40,915 shares, an increase of 139.4% from the February 26th total of 17,092 shares. Currently, 5.2% of the shares of the company are short sold. Based on an average trading volume of 5,590 shares, the days-to-cover ratio is currently 7.3 days.

Hedge Funds Weigh In On Doubleline Fortune 500 Equal Weight ETF

A hedge fund recently raised its stake in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC boosted its position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 42.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 327,014 shares of the company’s stock after buying an additional 97,952 shares during the quarter. Foundations Investment Advisors LLC owned approximately 54.50% of Doubleline Fortune 500 Equal Weight ETF worth $10,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Doubleline Fortune 500 Equal Weight ETF Stock Up 0.8%

Doubleline Fortune 500 Equal Weight ETF stock opened at $32.59 on Thursday. The firm has a 50 day moving average price of $33.46 and a 200-day moving average price of $32.26. Doubleline Fortune 500 Equal Weight ETF has a twelve month low of $24.25 and a twelve month high of $34.50. The company has a market capitalization of $25.42 million, a P/E 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.