DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Update

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 165,512 shares, an increase of 524.0% from the June 15th total of 26,525 shares. Based on an average trading volume of 84,932 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

Several hedge funds have recently added to or reduced their stakes in DBND. NewEdge Advisors LLC acquired a new stake in DoubleLine Opportunistic Bond ETF during the 1st quarter worth about $31,346,000. Mariner LLC acquired a new position in shares of DoubleLine Opportunistic Bond ETF in the 4th quarter valued at about $20,302,000. Journey Advisory Group LLC lifted its holdings in shares of DoubleLine Opportunistic Bond ETF by 296.5% in the 1st quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock valued at $22,727,000 after buying an additional 370,972 shares during the period. Raymond James Financial Inc. boosted its stake in shares of DoubleLine Opportunistic Bond ETF by 290.0% in the second quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock worth $18,260,000 after buying an additional 293,626 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of DoubleLine Opportunistic Bond ETF by 18.5% in the fourth quarter. CWM LLC now owns 1,622,210 shares of the company’s stock worth $75,213,000 after buying an additional 253,382 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Stock Down 0.0%

Shares of NYSEARCA:DBND traded down $0.02 during midday trading on Friday, reaching $45.21. The company’s stock had a trading volume of 85,901 shares, compared to its average volume of 79,414. DoubleLine Opportunistic Bond ETF has a twelve month low of $45.03 and a twelve month high of $47.05. The stock has a fifty day moving average of $45.45 and a 200 day moving average of $45.97.

About DoubleLine Opportunistic Bond ETF

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.