DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 18,218 shares, an increase of 164.8% from the August 31st total of 6,879 shares. Based on an average daily trading volume, of 12,080 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the company’s stock are short sold.
DoubleLine Multi-Sector Income ETF Price Performance
Shares of DoubleLine Multi-Sector Income ETF stock opened at $49.31 on Friday. DoubleLine Multi-Sector Income ETF has a 52 week low of $49.25 and a 52 week high of $50.83. The stock has a 50 day moving average price of $49.89 and a two-hundred day moving average price of $50.05.
Institutional Trading of DoubleLine Multi-Sector Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Seascape Capital Management raised its holdings in DoubleLine Multi-Sector Income ETF by 5.0% during the first quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock worth $7,744,000 after buying an additional 7,310 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Multi-Sector Income ETF during the first quarter valued at about $282,000. Legacy Wealth Managment LLC ID acquired a new position in shares of DoubleLine Multi-Sector Income ETF during the second quarter valued at about $258,000. Finally, Root Financial Partners LLC bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the first quarter worth about $38,000.
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.
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