DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Stock Short Interest Rises 521.7%

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,611 shares, an increase of 521.7% from the September 30th total of 420 shares. Based on an average daily trading volume, of 41,824 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

DoubleLine Asset-Backed Securities ETF Stock Down 0.0%

Shares of DoubleLine Asset-Backed Securities ETF stock traded down $0.01 during trading on Wednesday, hitting $49.75. The company’s stock had a trading volume of 7,470 shares, compared to its average volume of 16,214. DoubleLine Asset-Backed Securities ETF has a 52 week low of $49.52 and a 52 week high of $51.52. The company has a fifty day simple moving average of $49.92 and a two-hundred day simple moving average of $50.50.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DABS. Envestnet Asset Management Inc. increased its stake in shares of DoubleLine Asset-Backed Securities ETF by 19.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,305,030 shares of the company’s stock valued at $66,136,000 after purchasing an additional 213,447 shares in the last quarter. Beam Wealth Advisors Inc. boosted its position in shares of DoubleLine Asset-Backed Securities ETF by 20.7% in the 1st quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after purchasing an additional 57,132 shares in the last quarter. Paladin Wealth LLC boosted its position in shares of DoubleLine Asset-Backed Securities ETF by 6.0% in the 2nd quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock worth $2,294,000 after purchasing an additional 2,569 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter worth approximately $2,195,000. Finally, Corient Private Wealth LP purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 2nd quarter worth approximately $596,000.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.