DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Update

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 69,554 shares, an increase of 494.1% from the May 14th total of 11,708 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 130,217 shares, the days-to-cover ratio is currently 0.5 days.

DoubleLine Mortgage ETF Price Performance

DMBS traded down $0.02 during midday trading on Wednesday, hitting $48.70. 28,689 shares of the company’s stock traded hands, compared to its average volume of 85,215. The stock’s fifty day simple moving average is $49.14 and its 200-day simple moving average is $49.57. DoubleLine Mortgage ETF has a one year low of $48.19 and a one year high of $50.54.

Hedge Funds Weigh In On DoubleLine Mortgage ETF

Several institutional investors have recently bought and sold shares of DMBS. Root Financial Partners LLC bought a new position in shares of DoubleLine Mortgage ETF in the first quarter worth about $48,000. Royal Bank of Canada bought a new position in shares of DoubleLine Mortgage ETF in the first quarter worth about $51,000. Sound Income Strategies LLC bought a new stake in shares of DoubleLine Mortgage ETF in the first quarter valued at approximately $101,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of DoubleLine Mortgage ETF in the first quarter valued at approximately $203,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of DoubleLine Mortgage ETF in the second quarter valued at approximately $205,000.

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.