DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Down 65.7% in March

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,798 shares, a decline of 65.7% from the February 26th total of 5,249 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

DoubleLine Asset-Backed Securities ETF Stock Performance

DABS remained flat at $50.74 during trading hours on Wednesday. The company had a trading volume of 6,390 shares, compared to its average volume of 15,261. The company’s 50 day simple moving average is $51.04 and its 200-day simple moving average is $51.01. DoubleLine Asset-Backed Securities ETF has a twelve month low of $49.49 and a twelve month high of $54.15.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

Several large investors have recently modified their holdings of DABS. Harbour Investments Inc. bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the 4th quarter worth about $51,000. Basso Capital Management L.P. raised its holdings in DoubleLine Asset-Backed Securities ETF by 133.3% in the 3rd quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after acquiring an additional 2,000 shares during the period. Csenge Advisory Group acquired a new stake in DoubleLine Asset-Backed Securities ETF during the fourth quarter worth approximately $361,000. A4 Wealth Advisors LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF during the third quarter worth approximately $390,000. Finally, Naples Global Advisors LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the third quarter worth approximately $407,000.

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.