Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Rises By 139.4%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 40,915 shares, a growth of 139.4% from the February 26th total of 17,092 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average daily volume of 5,590 shares, the days-to-cover ratio is currently 7.3 days.

Hedge Funds Weigh In On Doubleline Fortune 500 Equal Weight ETF

A hedge fund recently raised its stake in Doubleline Fortune 500 Equal Weight ETF stock. Mutual Advisors LLC boosted its holdings in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,217 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Mutual Advisors LLC owned 1.14% of Doubleline Fortune 500 Equal Weight ETF worth $262,000 at the end of the most recent quarter.

Doubleline Fortune 500 Equal Weight ETF Trading Up 0.8%

Doubleline Fortune 500 Equal Weight ETF stock opened at $32.59 on Thursday. Doubleline Fortune 500 Equal Weight ETF has a 1-year low of $24.25 and a 1-year high of $34.50. The firm has a market capitalization of $25.42 million, a price-to-earnings ratio of 15.69 and a beta of 0.98. The firm’s fifty day moving average price is $33.46 and its two-hundred day moving average price is $32.26.

Doubleline Fortune 500 Equal Weight ETF Company Profile

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.