Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Declines By 76.8%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 10,850 shares, a decrease of 76.8% from the July 15th total of 46,789 shares. Based on an average daily volume of 1,832 shares, the short-interest ratio is currently 5.9 days. Approximately 1.1% of the shares of the stock are short sold.

Doubleline Fortune 500 Equal Weight ETF Trading Up 0.8%

Shares of DFVE traded up $0.31 during mid-day trading on Thursday, hitting $37.68. 8,611 shares of the company traded hands, compared to its average volume of 5,181. The stock has a market capitalization of $38.43 million, a price-to-earnings ratio of 15.69 and a beta of 0.78. The business has a 50-day moving average of $36.14 and a 200 day moving average of $34.62. Doubleline Fortune 500 Equal Weight ETF has a one year low of $30.10 and a one year high of $39.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mutual Advisors LLC boosted its holdings in Doubleline Fortune 500 Equal Weight ETF by 4.4% in the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock valued at $262,000 after acquiring an additional 347 shares during the last quarter. Root Financial Partners LLC bought a new stake in Doubleline Fortune 500 Equal Weight ETF during the 1st quarter worth about $28,000. Finally, Foundations Investment Advisors LLC raised its holdings in Doubleline Fortune 500 Equal Weight ETF by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock worth $14,262,000 after purchasing an additional 119,991 shares during the last quarter.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.