Short Interest in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Grows By 187.1%

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 131,098 shares, an increase of 187.1% from the July 30th total of 45,659 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 88,405 shares, the short-interest ratio is presently 1.5 days.

DoubleLine Opportunistic Bond ETF Stock Down 0.3%

Shares of DBND stock traded down $0.13 on Friday, reaching $44.95. 64,244 shares of the company were exchanged, compared to its average volume of 80,324. DoubleLine Opportunistic Bond ETF has a 1 year low of $44.74 and a 1 year high of $47.05. The business has a 50-day moving average price of $45.15 and a 200 day moving average price of $45.63.

Institutional Trading of DoubleLine Opportunistic Bond ETF

A number of institutional investors have recently made changes to their positions in DBND. Root Financial Partners LLC acquired a new position in DoubleLine Opportunistic Bond ETF in the 4th quarter valued at $74,000. Western Wealth Management LLC purchased a new stake in shares of DoubleLine Opportunistic Bond ETF during the first quarter worth $101,000. Bank of America Corp DE purchased a new stake in shares of DoubleLine Opportunistic Bond ETF during the third quarter worth $125,000. Farther Finance Advisors LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock valued at $131,000 after buying an additional 2,772 shares during the last quarter. Finally, First Financial Group Corp acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the first quarter valued at about $216,000.

About DoubleLine Opportunistic Bond ETF

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.