DoubleLine Mortgage ETF (NYSEARCA:DMBS) Sees Large Drop in Short Interest

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,469 shares, a decline of 57.6% from the May 31st total of 69,554 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 64,201 shares, the short-interest ratio is currently 0.5 days.

DoubleLine Mortgage ETF Stock Performance

DMBS traded down $0.23 during trading on Tuesday, reaching $49.09. 27,288 shares of the stock traded hands, compared to its average volume of 81,063. The stock’s 50-day moving average is $49.03 and its 200 day moving average is $49.49. DoubleLine Mortgage ETF has a 12 month low of $48.19 and a 12 month high of $50.54.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth approximately $569,000. Flow Traders U.S. LLC acquired a new position in shares of DoubleLine Mortgage ETF during the 2nd quarter valued at $205,000. MML Investors Services LLC lifted its position in shares of DoubleLine Mortgage ETF by 18.5% during the 2nd quarter. MML Investors Services LLC now owns 83,867 shares of the company’s stock valued at $4,115,000 after acquiring an additional 13,120 shares during the period. Puff Wealth Management LLC boosted its stake in DoubleLine Mortgage ETF by 77.5% during the second quarter. Puff Wealth Management LLC now owns 25,792 shares of the company’s stock worth $1,266,000 after acquiring an additional 11,261 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in DoubleLine Mortgage ETF by 0.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 954,379 shares of the company’s stock worth $47,414,000 after acquiring an additional 3,946 shares in the last quarter.

DoubleLine Mortgage ETF Company Profile

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.