DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Shares Shorted: Short Interest Up 199.9% in October

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,425 shares, a growth of 199.9% from the September 30th total of 3,809 shares. Based on an average daily volume of 17,258 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On DoubleLine Multi-Sector Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of DMX. Root Financial Partners LLC bought a new position in DoubleLine Multi-Sector Income ETF in the first quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of DoubleLine Multi-Sector Income ETF in the 3rd quarter valued at approximately $76,000. Walser Wealth Management Company A Ltd Liability Co boosted its stake in shares of DoubleLine Multi-Sector Income ETF by 16.1% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 21,188 shares of the company’s stock valued at $1,039,000 after purchasing an additional 2,932 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the 2nd quarter valued at approximately $258,000. Finally, Seascape Capital Management grew its holdings in shares of DoubleLine Multi-Sector Income ETF by 5.0% during the 1st quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock valued at $7,744,000 after purchasing an additional 7,310 shares during the last quarter.

DoubleLine Multi-Sector Income ETF Stock Performance

Shares of DMX traded up $0.02 during mid-day trading on Friday, reaching $49.22. The company’s stock had a trading volume of 5,533 shares, compared to its average volume of 11,678. The business has a 50-day simple moving average of $49.39 and a two-hundred day simple moving average of $50.03. DoubleLine Multi-Sector Income ETF has a 1-year low of $48.54 and a 1-year high of $50.78.

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.