DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Down 70.5% in July

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 48,756 shares, a decline of 70.5% from the June 30th total of 165,512 shares. Based on an average daily trading volume, of 69,283 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Several hedge funds have recently modified their holdings of DBND. Root Financial Partners LLC bought a new position in DoubleLine Opportunistic Bond ETF in the 4th quarter worth approximately $74,000. Western Wealth Management LLC bought a new position in DoubleLine Opportunistic Bond ETF in the 1st quarter valued at $101,000. Clayton Financial Group LLC acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 4th quarter valued at $125,000. Bank of America Corp DE acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at $125,000. Finally, Farther Finance Advisors LLC increased its stake in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock valued at $131,000 after buying an additional 2,772 shares during the period.

DoubleLine Opportunistic Bond ETF Stock Up 0.3%

NYSEARCA:DBND traded up $0.14 during mid-day trading on Tuesday, reaching $45.13. 46,563 shares of the company were exchanged, compared to its average volume of 76,879. DoubleLine Opportunistic Bond ETF has a 12 month low of $44.85 and a 12 month high of $47.05. The company has a fifty day moving average of $45.35 and a 200 day moving average of $45.87.

About DoubleLine Opportunistic Bond ETF

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.