DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 165,512 shares, a growth of 524.0% from the June 15th total of 26,525 shares. Based on an average trading volume of 84,932 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.0% of the shares of the company are short sold.
DoubleLine Opportunistic Bond ETF Trading Down 0.0%
DoubleLine Opportunistic Bond ETF stock traded down $0.02 during mid-day trading on Friday, hitting $45.21. The company had a trading volume of 85,901 shares, compared to its average volume of 79,414. DoubleLine Opportunistic Bond ETF has a 12-month low of $45.03 and a 12-month high of $47.05. The company’s fifty day moving average is $45.45 and its 200-day moving average is $45.97.
Hedge Funds Weigh In On DoubleLine Opportunistic Bond ETF
Several large investors have recently made changes to their positions in DBND. Root Financial Partners LLC purchased a new stake in DoubleLine Opportunistic Bond ETF during the fourth quarter worth $74,000. Western Wealth Management LLC purchased a new position in DoubleLine Opportunistic Bond ETF in the first quarter valued at $101,000. Clayton Financial Group LLC purchased a new position in DoubleLine Opportunistic Bond ETF in the fourth quarter valued at $125,000. Bank of America Corp DE acquired a new position in shares of DoubleLine Opportunistic Bond ETF in the third quarter worth about $125,000. Finally, Farther Finance Advisors LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock worth $131,000 after acquiring an additional 2,772 shares during the period.
About DoubleLine Opportunistic Bond ETF
The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.
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