DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Short Interest Down 66.6% in May

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,117 shares, a decline of 66.6% from the April 30th total of 18,304 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 10,807 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DMX. Foundations Investment Advisors LLC lifted its stake in DoubleLine Multi-Sector Income ETF by 52.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock worth $12,627,000 after purchasing an additional 86,308 shares during the period. Hippocratic Financial Advisors LLC lifted its stake in DoubleLine Multi-Sector Income ETF by 13.2% during the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after purchasing an additional 62,856 shares during the period. Seascape Capital Management lifted its stake in DoubleLine Multi-Sector Income ETF by 21.6% during the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after purchasing an additional 26,216 shares during the period. JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF during the third quarter worth about $756,000. Finally, Intrepid Financial Planning Group LLC lifted its stake in DoubleLine Multi-Sector Income ETF by 92.2% during the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock worth $777,000 after purchasing an additional 7,348 shares during the period.

DoubleLine Multi-Sector Income ETF Trading Up 0.1%

Shares of DMX traded up $0.05 during midday trading on Friday, reaching $50.31. 7,013 shares of the company were exchanged, compared to its average volume of 12,122. DoubleLine Multi-Sector Income ETF has a 1-year low of $49.75 and a 1-year high of $50.87. The stock has a 50-day moving average price of $50.16 and a 200-day moving average price of $50.39.

DoubleLine Multi-Sector Income ETF Company Profile

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.