DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Stock Price Up 0% – What’s Next?

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) traded up 0% on Thursday . The stock traded as high as $50.33 and last traded at $50.31. 5,388 shares changed hands during trading, a decline of 41% from the average session volume of 9,116 shares. The stock had previously closed at $50.29.

DoubleLine Multi-Sector Income ETF Price Performance

The firm has a 50 day moving average of $50.54 and a two-hundred day moving average of $50.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DMX. Jane Street Group LLC bought a new stake in DoubleLine Multi-Sector Income ETF in the first quarter worth approximately $360,000. Intrepid Financial Planning Group LLC bought a new position in shares of DoubleLine Multi-Sector Income ETF in the second quarter valued at approximately $402,000. Foundations Investment Advisors LLC bought a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter valued at $1,966,000. Seascape Capital Management boosted its holdings in DoubleLine Multi-Sector Income ETF by 252.3% during the second quarter. Seascape Capital Management now owns 88,233 shares of the company’s stock worth $4,450,000 after purchasing an additional 63,187 shares during the last quarter. Finally, Hippocratic Financial Advisors LLC purchased a new position in shares of DoubleLine Multi-Sector Income ETF in the 2nd quarter worth approximately $21,835,000.

About DoubleLine Multi-Sector Income ETF

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.