DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Shares Shorted: Short Interest Up 521.7% in October

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,611 shares, an increase of 521.7% from the September 30th total of 420 shares. Based on an average daily volume of 41,824 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DABS. Envestnet Asset Management Inc. lifted its position in shares of DoubleLine Asset-Backed Securities ETF by 19.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,305,030 shares of the company’s stock worth $66,136,000 after buying an additional 213,447 shares in the last quarter. Beam Wealth Advisors Inc. grew its stake in shares of DoubleLine Asset-Backed Securities ETF by 20.7% in the 1st quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after buying an additional 57,132 shares during the last quarter. Paladin Wealth LLC boosted its holdings in DoubleLine Asset-Backed Securities ETF by 6.0% in the second quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock worth $2,294,000 after purchasing an additional 2,569 shares during the last quarter. Empowered Funds LLC bought a new position in shares of DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at approximately $2,195,000. Finally, Corient Private Wealth LP bought a new position in shares of DoubleLine Asset-Backed Securities ETF during the 2nd quarter valued at about $596,000.

DoubleLine Asset-Backed Securities ETF Stock Performance

DoubleLine Asset-Backed Securities ETF stock opened at $49.77 on Tuesday. DoubleLine Asset-Backed Securities ETF has a 1 year low of $49.52 and a 1 year high of $51.52. The firm’s 50 day moving average price is $49.95 and its two-hundred day moving average price is $50.51.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.