Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Stock Short Interest Drops 57.7%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 4,714 shares, a decrease of 57.7% from the September 30th total of 11,145 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 5,550 shares, the days-to-cover ratio is presently 0.8 days.

Doubleline Fortune 500 Equal Weight ETF Trading Down 0.4%

NYSEARCA:DFVE traded down $0.14 on Friday, hitting $36.56. The company had a trading volume of 8,988 shares, compared to its average volume of 6,418. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $30.10 and a 52 week high of $39.71. The stock has a market capitalization of $46.07 million, a price-to-earnings ratio of 15.69 and a beta of 0.81. The firm has a 50 day moving average of $36.17 and a two-hundred day moving average of $35.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC purchased a new stake in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 870 shares of the company’s stock, valued at approximately $28,000. Root Financial Partners LLC owned about 0.10% of Doubleline Fortune 500 Equal Weight ETF as of its most recent filing with the Securities and Exchange Commission.

About Doubleline Fortune 500 Equal Weight ETF

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.