DoubleLine Mortgage ETF (NYSEARCA:DMBS) Short Interest Up 102.7% in May

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 30,200 shares, a growth of 102.7% from the May 15th total of 14,900 shares. Based on an average trading volume of 51,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

DoubleLine Mortgage ETF Trading Down 0.4%

NYSEARCA:DMBS opened at $48.42 on Monday. DoubleLine Mortgage ETF has a 1-year low of $46.84 and a 1-year high of $50.71. The company’s fifty day moving average price is $48.35 and its 200-day moving average price is $48.46.

Institutional Trading of DoubleLine Mortgage ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC grew its position in DoubleLine Mortgage ETF by 766.3% during the first quarter. Larson Financial Group LLC now owns 1,386 shares of the company’s stock valued at $68,000 after buying an additional 1,226 shares during the period. SCS Capital Management LLC purchased a new position in DoubleLine Mortgage ETF during the first quarter valued at $258,000. Lord & Richards Wealth Management LLC purchased a new position in DoubleLine Mortgage ETF during the fourth quarter valued at $274,000. Latitude Advisors LLC lifted its holdings in DoubleLine Mortgage ETF by 29.6% during the first quarter. Latitude Advisors LLC now owns 7,455 shares of the company’s stock valued at $366,000 after purchasing an additional 1,704 shares in the last quarter. Finally, GTS Securities LLC purchased a new position in DoubleLine Mortgage ETF during the fourth quarter valued at $362,000.

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.