DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Sees Significant Decrease in Short Interest

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 48,756 shares, a decrease of 70.5% from the June 30th total of 165,512 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 69,283 shares, the short-interest ratio is currently 0.7 days.

DoubleLine Opportunistic Bond ETF Stock Up 0.0%

DoubleLine Opportunistic Bond ETF stock opened at $44.90 on Friday. The stock’s 50 day moving average is $45.35 and its 200 day moving average is $45.88. DoubleLine Opportunistic Bond ETF has a one year low of $44.85 and a one year high of $47.05.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

A number of institutional investors have recently modified their holdings of DBND. Root Financial Partners LLC bought a new position in DoubleLine Opportunistic Bond ETF during the fourth quarter worth $74,000. Western Wealth Management LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter worth about $101,000. Bank of America Corp DE acquired a new position in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at about $125,000. Clayton Financial Group LLC acquired a new position in shares of DoubleLine Opportunistic Bond ETF in the 4th quarter valued at about $125,000. Finally, Farther Finance Advisors LLC boosted its position in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock valued at $131,000 after purchasing an additional 2,772 shares in the last quarter.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.