DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Up 170.6% in April

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 5,726 shares, a growth of 170.6% from the April 15th total of 2,116 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 6,444 shares, the days-to-cover ratio is currently 0.9 days.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of NYSEARCA DABS opened at $50.37 on Friday. The stock’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $50.91. DoubleLine Asset-Backed Securities ETF has a 52-week low of $49.79 and a 52-week high of $54.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DABS. Root Financial Partners LLC purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at $31,000. Harbour Investments Inc. purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the fourth quarter valued at $51,000. Basso Capital Management L.P. grew its holdings in shares of DoubleLine Asset-Backed Securities ETF by 133.3% during the third quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after buying an additional 2,000 shares in the last quarter. Legacy Capital Group California Inc. purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at $264,000. Finally, Ritholtz Wealth Management purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at $328,000.

DoubleLine Asset-Backed Securities ETF Company Profile

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.