DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Up 193.1% in March

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 56,757 shares, an increase of 193.1% from the February 26th total of 19,363 shares. Based on an average trading volume of 164,228 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 164,228 shares, the days-to-cover ratio is presently 0.3 days.

DoubleLine Opportunistic Bond ETF Stock Performance

DoubleLine Opportunistic Bond ETF stock traded up $0.12 during mid-day trading on Wednesday, hitting $45.71. The company’s stock had a trading volume of 41,241 shares, compared to its average volume of 92,732. The company has a 50 day moving average of $46.40 and a 200-day moving average of $46.48. DoubleLine Opportunistic Bond ETF has a one year low of $44.92 and a one year high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.1662 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DBND. Root Financial Partners LLC bought a new stake in DoubleLine Opportunistic Bond ETF during the 4th quarter valued at about $74,000. Clayton Financial Group LLC bought a new position in DoubleLine Opportunistic Bond ETF in the 4th quarter worth about $125,000. Bank of America Corp DE purchased a new position in shares of DoubleLine Opportunistic Bond ETF during the third quarter worth approximately $125,000. Farther Finance Advisors LLC increased its position in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% during the fourth quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock worth $131,000 after acquiring an additional 2,772 shares during the period. Finally, Beacon Capital Management Inc. bought a new stake in shares of DoubleLine Opportunistic Bond ETF during the second quarter valued at approximately $165,000.

DoubleLine Opportunistic Bond ETF Company Profile

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.