DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Short Interest Update

DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 16,343 shares, a drop of 40.5% from the June 15th total of 27,454 shares. Based on an average daily volume of 84,133 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

DoubleLine Commercial Real Estate ETF Stock Up 0.0%

Shares of DoubleLine Commercial Real Estate ETF stock traded up $0.01 during trading hours on Friday, reaching $51.67. The company’s stock had a trading volume of 12,258 shares, compared to its average volume of 43,823. The stock’s fifty day simple moving average is $51.70 and its two-hundred day simple moving average is $51.90. DoubleLine Commercial Real Estate ETF has a one year low of $51.49 and a one year high of $52.56.

Institutional Investors Weigh In On DoubleLine Commercial Real Estate ETF

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in DoubleLine Commercial Real Estate ETF during the 2nd quarter valued at $40,000. PNC Financial Services Group Inc. bought a new stake in shares of DoubleLine Commercial Real Estate ETF in the 1st quarter worth $47,000. Cornerstone Planning Group LLC purchased a new stake in shares of DoubleLine Commercial Real Estate ETF in the first quarter valued at about $50,000. Fifth Third Bancorp purchased a new stake in shares of DoubleLine Commercial Real Estate ETF in the first quarter valued at about $123,000. Finally, Root Financial Partners LLC bought a new position in shares of DoubleLine Commercial Real Estate ETF during the first quarter valued at about $167,000.

About DoubleLine Commercial Real Estate ETF

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.