Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Sees Large Increase in Short Interest

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 38,762 shares, an increase of 215.5% from the May 31st total of 12,287 shares. Based on an average daily trading volume, of 6,050 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.3% of the company’s stock are short sold.

Doubleline Fortune 500 Equal Weight ETF Stock Up 0.4%

NYSEARCA:DFVE traded up $0.16 on Friday, hitting $36.00. The stock had a trading volume of 6,387 shares, compared to its average volume of 5,580. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $29.45 and a 52 week high of $36.08. The business’s fifty day moving average is $34.84 and its 200 day moving average is $33.68. The company has a market cap of $32.40 million, a PE ratio of 15.69 and a beta of 0.82.

Institutional Trading of Doubleline Fortune 500 Equal Weight ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFVE. Root Financial Partners LLC purchased a new stake in Doubleline Fortune 500 Equal Weight ETF in the 1st quarter valued at $28,000. Mutual Advisors LLC lifted its holdings in Doubleline Fortune 500 Equal Weight ETF by 4.4% during the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock valued at $262,000 after purchasing an additional 347 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after buying an additional 119,991 shares in the last quarter.

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.