DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Update

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 2,116 shares, a drop of 21.4% from the March 31st total of 2,693 shares. Based on an average daily volume of 7,076 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

DoubleLine Asset-Backed Securities ETF Stock Down 0.5%

Shares of NYSEARCA:DABS opened at $50.51 on Friday. The business’s 50 day moving average is $50.85 and its 200 day moving average is $50.95. DoubleLine Asset-Backed Securities ETF has a 12-month low of $49.66 and a 12-month high of $54.15.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

A number of hedge funds have recently bought and sold shares of the company. Gradient Investments LLC raised its holdings in shares of DoubleLine Asset-Backed Securities ETF by 8.7% in the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock valued at $55,925,000 after purchasing an additional 87,563 shares during the last quarter. Asset Advisors Investment Management LLC purchased a new position in DoubleLine Asset-Backed Securities ETF during the fourth quarter worth about $7,803,000. Focus Partners Wealth bought a new stake in DoubleLine Asset-Backed Securities ETF in the 3rd quarter worth about $172,637,000. Beam Wealth Advisors Inc. bought a new stake in DoubleLine Asset-Backed Securities ETF in the 3rd quarter worth about $12,945,000. Finally, Mattson Financial Services LLC increased its stake in DoubleLine Asset-Backed Securities ETF by 14.1% in the 4th quarter. Mattson Financial Services LLC now owns 84,976 shares of the company’s stock valued at $4,326,000 after buying an additional 10,522 shares during the last quarter.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.