Short Interest in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Decreases By 35.2%

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,622 shares, a drop of 35.2% from the May 31st total of 14,849 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 15,282 shares, the short-interest ratio is presently 0.6 days.

DoubleLine Asset-Backed Securities ETF Stock Down 0.4%

Shares of DABS opened at $50.49 on Thursday. DoubleLine Asset-Backed Securities ETF has a 12 month low of $50.26 and a 12 month high of $51.52. The stock’s 50-day moving average price is $50.54 and its two-hundred day moving average price is $50.79.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Wealth acquired a new stake in DoubleLine Asset-Backed Securities ETF during the 3rd quarter worth about $172,637,000. Gradient Investments LLC lifted its stake in shares of DoubleLine Asset-Backed Securities ETF by 8.7% in the 4th quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock valued at $55,925,000 after purchasing an additional 87,563 shares during the period. Beam Wealth Advisors Inc. lifted its stake in shares of DoubleLine Asset-Backed Securities ETF by 9.0% in the 4th quarter. Beam Wealth Advisors Inc. now owns 276,379 shares of the company’s stock valued at $14,070,000 after purchasing an additional 22,905 shares during the period. Asset Advisors Investment Management LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the 4th quarter valued at about $7,803,000. Finally, Mattson Financial Services LLC boosted its position in shares of DoubleLine Asset-Backed Securities ETF by 14.1% during the 4th quarter. Mattson Financial Services LLC now owns 84,976 shares of the company’s stock valued at $4,326,000 after purchasing an additional 10,522 shares in the last quarter.

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.