DoubleLine Mortgage ETF (NYSEARCA:DMBS) Stock Short Interest Drops 50.6%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 9,330 shares, a decrease of 50.6% from the September 15th total of 18,890 shares. Based on an average daily volume of 123,876 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

DoubleLine Mortgage ETF Stock Performance

NYSEARCA:DMBS traded up $0.26 during trading hours on Thursday, reaching $46.73. 112,676 shares of the company were exchanged, compared to its average volume of 82,009. DoubleLine Mortgage ETF has a 52-week low of $45.86 and a 52-week high of $50.54. The stock has a 50 day simple moving average of $47.40 and a 200 day simple moving average of $48.40.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

A number of institutional investors have recently added to or reduced their stakes in DMBS. Ritholtz Wealth Management acquired a new position in shares of DoubleLine Mortgage ETF in the 1st quarter valued at about $2,116,000. Oregon Pacific Wealth Management LLC grew its holdings in shares of DoubleLine Mortgage ETF by 203.8% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 76,988 shares of the company’s stock worth $3,802,000 after purchasing an additional 51,648 shares during the period. World Investment Advisors acquired a new stake in DoubleLine Mortgage ETF during the 4th quarter worth approximately $1,311,000. Brown Financial Advisors increased its position in DoubleLine Mortgage ETF by 6.5% during the 2nd quarter. Brown Financial Advisors now owns 216,939 shares of the company’s stock worth $10,649,000 after purchasing an additional 13,281 shares in the last quarter. Finally, Compound Planning Inc. increased its position in DoubleLine Mortgage ETF by 1,467.1% during the 4th quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock worth $13,552,000 after purchasing an additional 255,512 shares in the last quarter.

DoubleLine Mortgage ETF Company Profile

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.