DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Decrease in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 61,236 shares, a decrease of 53.3% from the August 15th total of 131,098 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 105,765 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Stonehearth Capital Management LLC grew its stake in shares of DoubleLine Opportunistic Bond ETF by 3.7% in the 2nd quarter. Stonehearth Capital Management LLC now owns 8,812 shares of the company’s stock valued at $402,000 after buying an additional 315 shares in the last quarter. Manchester Financial Inc. raised its position in DoubleLine Opportunistic Bond ETF by 6.2% during the first quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock valued at $391,000 after acquiring an additional 498 shares in the last quarter. Principia Wealth Advisory LLC lifted its stake in DoubleLine Opportunistic Bond ETF by 5.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 10,926 shares of the company’s stock valued at $507,000 after acquiring an additional 542 shares during the last quarter. Stewardship Advisors LLC lifted its stake in DoubleLine Opportunistic Bond ETF by 7.4% in the first quarter. Stewardship Advisors LLC now owns 8,304 shares of the company’s stock valued at $380,000 after acquiring an additional 570 shares during the last quarter. Finally, Centurion Wealth Management LLC grew its position in DoubleLine Opportunistic Bond ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 30,022 shares of the company’s stock worth $1,369,000 after acquiring an additional 600 shares in the last quarter.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND stock traded down $0.03 during trading on Tuesday, hitting $44.15. 123,835 shares of the company were exchanged, compared to its average volume of 81,501. The business’s 50-day simple moving average is $44.94 and its 200 day simple moving average is $45.46. DoubleLine Opportunistic Bond ETF has a twelve month low of $44.10 and a twelve month high of $47.05.

DoubleLine Opportunistic Bond ETF Company Profile

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.