Short Interest in DoubleLine Mortgage ETF (NYSEARCA:DMBS) Decreases By 57.6%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 29,469 shares, a drop of 57.6% from the May 31st total of 69,554 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 64,201 shares, the days-to-cover ratio is presently 0.5 days.

DoubleLine Mortgage ETF Stock Performance

Shares of DMBS stock traded down $0.02 during midday trading on Monday, hitting $49.29. 28,300 shares of the company were exchanged, compared to its average volume of 81,447. DoubleLine Mortgage ETF has a 52 week low of $48.19 and a 52 week high of $50.54. The firm’s 50 day moving average price is $49.05 and its two-hundred day moving average price is $49.49.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

A number of institutional investors have recently made changes to their positions in DMBS. Jane Street Group LLC bought a new position in shares of DoubleLine Mortgage ETF during the first quarter worth approximately $569,000. Flow Traders U.S. LLC bought a new position in DoubleLine Mortgage ETF during the 2nd quarter worth $205,000. MML Investors Services LLC increased its position in DoubleLine Mortgage ETF by 18.5% during the 2nd quarter. MML Investors Services LLC now owns 83,867 shares of the company’s stock worth $4,115,000 after buying an additional 13,120 shares during the period. Puff Wealth Management LLC lifted its holdings in shares of DoubleLine Mortgage ETF by 77.5% during the second quarter. Puff Wealth Management LLC now owns 25,792 shares of the company’s stock worth $1,266,000 after buying an additional 11,261 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its holdings in shares of DoubleLine Mortgage ETF by 0.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 954,379 shares of the company’s stock worth $47,414,000 after buying an additional 3,946 shares in the last quarter.

About DoubleLine Mortgage ETF

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.