Short Interest in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Increases By 524.0%

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 165,512 shares, a growth of 524.0% from the June 15th total of 26,525 shares. Based on an average daily trading volume, of 84,932 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the shares of the stock are sold short.

DoubleLine Opportunistic Bond ETF Stock Down 0.3%

NYSEARCA DBND traded down $0.15 on Monday, hitting $45.06. 32,137 shares of the company were exchanged, compared to its average volume of 79,041. The firm has a 50 day moving average of $45.45 and a two-hundred day moving average of $45.97. DoubleLine Opportunistic Bond ETF has a 1-year low of $45.03 and a 1-year high of $47.05.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ausdal Financial Partners Inc. boosted its position in DoubleLine Opportunistic Bond ETF by 12.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 136,274 shares of the company’s stock valued at $6,341,000 after buying an additional 15,081 shares during the last quarter. CWM LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 18.5% during the fourth quarter. CWM LLC now owns 1,622,210 shares of the company’s stock valued at $75,213,000 after acquiring an additional 253,382 shares during the period. Seascape Capital Management boosted its holdings in DoubleLine Opportunistic Bond ETF by 4.5% in the fourth quarter. Seascape Capital Management now owns 645,968 shares of the company’s stock valued at $29,950,000 after acquiring an additional 27,667 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 18.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 492,384 shares of the company’s stock valued at $22,829,000 after acquiring an additional 77,567 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its position in DoubleLine Opportunistic Bond ETF by 26.0% in the fourth quarter. Aprio Wealth Management LLC now owns 221,618 shares of the company’s stock worth $10,275,000 after purchasing an additional 45,728 shares during the period.

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.