DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Sees Large Increase in Short Interest

DoubleLine Commercial Real Estate ETF (NYSEARCA:DCREGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 30,701 shares, a growth of 261.7% from the April 15th total of 8,488 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 45,972 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in DoubleLine Commercial Real Estate ETF in the second quarter valued at $40,000. PNC Financial Services Group Inc. acquired a new position in DoubleLine Commercial Real Estate ETF in the first quarter valued at $47,000. Cornerstone Planning Group LLC acquired a new stake in DoubleLine Commercial Real Estate ETF during the first quarter worth approximately $50,000. Fifth Third Bancorp acquired a new stake in DoubleLine Commercial Real Estate ETF during the first quarter worth approximately $123,000. Finally, Root Financial Partners LLC acquired a new stake in DoubleLine Commercial Real Estate ETF during the first quarter worth approximately $167,000.

DoubleLine Commercial Real Estate ETF Price Performance

NYSEARCA:DCRE opened at $51.76 on Thursday. The company has a 50 day simple moving average of $51.91 and a two-hundred day simple moving average of $52.02. DoubleLine Commercial Real Estate ETF has a fifty-two week low of $51.57 and a fifty-two week high of $52.56.

DoubleLine Commercial Real Estate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.1944 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.5%.

DoubleLine Commercial Real Estate ETF Company Profile

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The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.

Further Reading

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