Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Increases By 645.6%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,304 shares, a growth of 645.6% from the April 15th total of 2,455 shares. Based on an average daily volume of 7,758 shares, the short-interest ratio is presently 2.4 days. Currently, 1.1% of the company’s stock are sold short.

DoubleLine Multi-Sector Income ETF Stock Performance

DoubleLine Multi-Sector Income ETF stock traded down $0.09 during midday trading on Tuesday, reaching $50.11. The stock had a trading volume of 2,648 shares, compared to its average volume of 11,266. The company has a fifty day moving average price of $50.18 and a two-hundred day moving average price of $50.42. DoubleLine Multi-Sector Income ETF has a 12 month low of $49.74 and a 12 month high of $50.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in DoubleLine Multi-Sector Income ETF in the first quarter worth $38,000. Jane Street Group LLC increased its stake in shares of DoubleLine Multi-Sector Income ETF by 31.1% during the second quarter. Jane Street Group LLC now owns 9,480 shares of the company’s stock valued at $478,000 after buying an additional 2,249 shares during the period. Sanctuary Advisors LLC raised its stake in DoubleLine Multi-Sector Income ETF by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after buying an additional 4,638 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter worth approximately $282,000. Finally, Seascape Capital Management lifted its stake in shares of DoubleLine Multi-Sector Income ETF by 5.0% in the 1st quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock valued at $7,744,000 after purchasing an additional 7,310 shares during the period.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.