Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 38,762 shares, an increase of 215.5% from the May 31st total of 12,287 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 6,050 shares, the days-to-cover ratio is currently 6.4 days.
Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF
Several institutional investors have recently made changes to their positions in DFVE. Root Financial Partners LLC bought a new position in Doubleline Fortune 500 Equal Weight ETF during the 1st quarter valued at about $28,000. Mutual Advisors LLC boosted its position in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock valued at $262,000 after buying an additional 347 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after buying an additional 119,991 shares during the last quarter.
Doubleline Fortune 500 Equal Weight ETF Stock Performance
NYSEARCA DFVE traded down $0.05 on Monday, hitting $35.95. 10,070 shares of the stock were exchanged, compared to its average volume of 5,616. The stock has a fifty day moving average price of $34.88 and a two-hundred day moving average price of $33.73. The firm has a market capitalization of $32.36 million, a P/E ratio of 15.69 and a beta of 0.82. Doubleline Fortune 500 Equal Weight ETF has a 52-week low of $29.45 and a 52-week high of $39.71.
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.
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