Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Shares Shorted: Short Interest Up 505.4% in September

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,145 shares, an increase of 505.4% from the September 15th total of 1,841 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 15,305 shares, the days-to-cover ratio is presently 0.7 days.

Doubleline Fortune 500 Equal Weight ETF Price Performance

NYSEARCA DFVE traded up $0.02 during trading hours on Friday, reaching $35.56. 2,529 shares of the company’s stock traded hands, compared to its average volume of 6,520. The firm has a 50-day simple moving average of $36.53 and a 200 day simple moving average of $35.42. Doubleline Fortune 500 Equal Weight ETF has a 52-week low of $30.10 and a 52-week high of $39.71. The firm has a market cap of $44.81 million, a PE ratio of 15.69 and a beta of 0.81.

Institutional Trading of Doubleline Fortune 500 Equal Weight ETF

A hedge fund recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC bought a new position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 870 shares of the company’s stock, valued at approximately $28,000. Root Financial Partners LLC owned 0.10% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent quarter.

Doubleline Fortune 500 Equal Weight ETF Company Profile

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.