Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Expands By 645.6%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,304 shares, an increase of 645.6% from the April 15th total of 2,455 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 7,758 shares, the days-to-cover ratio is currently 2.4 days.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter valued at approximately $38,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Multi-Sector Income ETF during the 1st quarter valued at about $282,000. Jane Street Group LLC purchased a new stake in DoubleLine Multi-Sector Income ETF in the 1st quarter worth about $360,000. JPMorgan Chase & Co. bought a new stake in DoubleLine Multi-Sector Income ETF in the third quarter worth about $756,000. Finally, Intrepid Financial Planning Group LLC lifted its stake in DoubleLine Multi-Sector Income ETF by 92.2% in the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock worth $777,000 after purchasing an additional 7,348 shares during the last quarter.

DoubleLine Multi-Sector Income ETF Stock Down 0.2%

NYSEARCA DMX traded down $0.09 during trading hours on Tuesday, reaching $50.11. The company’s stock had a trading volume of 2,648 shares, compared to its average volume of 11,266. DoubleLine Multi-Sector Income ETF has a 1 year low of $49.74 and a 1 year high of $50.87. The firm’s 50-day moving average price is $50.18 and its 200-day moving average price is $50.42.

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. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.