DoubleLine Mortgage ETF (NYSEARCA:DMBS) Sees Significant Decline in Short Interest

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 9,330 shares, a decrease of 50.6% from the September 15th total of 18,890 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 123,876 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

A number of institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management purchased a new stake in shares of DoubleLine Mortgage ETF during the first quarter worth $2,116,000. Oregon Pacific Wealth Management LLC raised its stake in shares of DoubleLine Mortgage ETF by 203.8% during the 1st quarter. Oregon Pacific Wealth Management LLC now owns 76,988 shares of the company’s stock worth $3,802,000 after purchasing an additional 51,648 shares in the last quarter. World Investment Advisors acquired a new stake in shares of DoubleLine Mortgage ETF during the 4th quarter valued at about $1,311,000. Brown Financial Advisors lifted its holdings in shares of DoubleLine Mortgage ETF by 6.5% during the 2nd quarter. Brown Financial Advisors now owns 216,939 shares of the company’s stock valued at $10,649,000 after buying an additional 13,281 shares during the last quarter. Finally, Compound Planning Inc. raised its position in DoubleLine Mortgage ETF by 1,467.1% during the fourth quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock valued at $13,552,000 after acquiring an additional 255,512 shares in the last quarter.

DoubleLine Mortgage ETF Trading Down 0.1%

NYSEARCA DMBS traded down $0.03 during trading on Friday, reaching $46.70. 37,584 shares of the company’s stock were exchanged, compared to its average volume of 81,778. DoubleLine Mortgage ETF has a fifty-two week low of $45.86 and a fifty-two week high of $50.54. The company’s fifty day simple moving average is $47.40 and its 200-day simple moving average is $48.40.

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.