DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Shares Shorted: Short Interest Up 1,702.9% in October

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 941,727 shares, a growth of 1,702.9% from the September 30th total of 52,234 shares. Based on an average daily volume of 211,109 shares, the short-interest ratio is presently 4.5 days. Currently, 5.1% of the company’s stock are sold short.

DoubleLine Opportunistic Bond ETF Stock Up 0.0%

DoubleLine Opportunistic Bond ETF stock traded up $0.01 during trading hours on Monday, hitting $43.98. 301,039 shares of the stock traded hands, compared to its average volume of 90,926. The firm’s 50 day moving average price is $44.15 and its 200-day moving average price is $45.38. DoubleLine Opportunistic Bond ETF has a 1 year low of $43.18 and a 1 year high of $47.05.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DBND. Western Wealth Management LLC purchased a new stake in DoubleLine Opportunistic Bond ETF during the first quarter worth about $101,000. First Financial Group Corp purchased a new position in shares of DoubleLine Opportunistic Bond ETF during the first quarter worth about $216,000. Maridea Wealth Management LLC acquired a new position in DoubleLine Opportunistic Bond ETF during the second quarter worth approximately $269,000. Triumph Capital Management boosted its stake in DoubleLine Opportunistic Bond ETF by 132.8% during the 2nd quarter. Triumph Capital Management now owns 7,590 shares of the company’s stock worth $346,000 after purchasing an additional 4,330 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new position in DoubleLine Opportunistic Bond ETF in the 1st quarter valued at about $350,000.

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.