DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 941,727 shares, a growth of 1,702.9% from the September 30th total of 52,234 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 211,109 shares, the short-interest ratio is presently 4.5 days.
DoubleLine Opportunistic Bond ETF Price Performance
Shares of DBND traded down $0.07 during trading hours on Wednesday, hitting $43.93. The company had a trading volume of 24,434 shares, compared to its average volume of 90,629. The business has a fifty day moving average of $44.13 and a 200-day moving average of $45.37. DoubleLine Opportunistic Bond ETF has a 12 month low of $43.18 and a 12 month high of $47.05.
Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF
A number of large investors have recently modified their holdings of DBND. NewEdge Advisors LLC acquired a new position in DoubleLine Opportunistic Bond ETF in the 1st quarter worth about $31,346,000. Journey Advisory Group LLC raised its stake in DoubleLine Opportunistic Bond ETF by 296.5% during the first quarter. Journey Advisory Group LLC now owns 496,108 shares of the company’s stock worth $22,727,000 after buying an additional 370,972 shares during the last quarter. January Capital Advisors LLC acquired a new position in DoubleLine Opportunistic Bond ETF in the first quarter valued at $6,996,000. Boothe Investment Group Inc. increased its holdings in DoubleLine Opportunistic Bond ETF by 15.8% in the third quarter. Boothe Investment Group Inc. now owns 873,431 shares of the company’s stock worth $37,977,000 after purchasing an additional 118,950 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in DoubleLine Opportunistic Bond ETF in the second quarter worth $1,311,000.
About DoubleLine Opportunistic Bond ETF
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.
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