Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Update

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 15,296 shares, an increase of 530.0% from the January 29th total of 2,428 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,834 shares, the short-interest ratio is currently 3.2 days. Based on an average daily trading volume, of 4,834 shares, the short-interest ratio is currently 3.2 days. Approximately 2.0% of the company’s stock are sold short.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of DFVE remained flat at $34.08 on Wednesday. 2,654 shares of the company traded hands, compared to its average volume of 5,247. Doubleline Fortune 500 Equal Weight ETF has a 12 month low of $24.25 and a 12 month high of $34.50. The stock has a market cap of $26.58 million, a P/E ratio of 15.69 and a beta of 0.98. The firm has a 50 day simple moving average of $33.25 and a 200 day simple moving average of $31.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC lifted its holdings in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,005 shares of the company’s stock after buying an additional 119,991 shares during the period. Foundations Investment Advisors LLC owned approximately 57.31% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 at the end of the most recent reporting period.

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.