Short Interest in DoubleLine Mortgage ETF (NYSEARCA:DMBS) Decreases By 96.6%

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 6,160 shares, a decline of 96.6% from the February 12th total of 183,821 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 48,724 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 48,724 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of DoubleLine Mortgage ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of DoubleLine Mortgage ETF during the 1st quarter valued at about $569,000. Allworth Financial LP purchased a new position in shares of DoubleLine Mortgage ETF during the 2nd quarter worth about $36,000. Foundations Investment Advisors LLC boosted its position in shares of DoubleLine Mortgage ETF by 91.1% in the second quarter. Foundations Investment Advisors LLC now owns 338,537 shares of the company’s stock worth $16,612,000 after acquiring an additional 161,347 shares during the last quarter. OmniStar Financial Group Inc. boosted its position in shares of DoubleLine Mortgage ETF by 27.0% in the second quarter. OmniStar Financial Group Inc. now owns 17,562 shares of the company’s stock worth $862,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in DoubleLine Mortgage ETF by 6.9% in the second quarter. Tortoise Investment Management LLC now owns 320,021 shares of the company’s stock valued at $15,703,000 after purchasing an additional 20,762 shares during the period.

DoubleLine Mortgage ETF Trading Down 0.3%

DMBS traded down $0.16 during trading on Wednesday, hitting $49.67. The company’s stock had a trading volume of 10,646 shares, compared to its average volume of 93,700. DoubleLine Mortgage ETF has a twelve month low of $46.84 and a twelve month high of $50.54. The firm’s 50 day moving average price is $49.93 and its 200-day moving average price is $49.82.

DoubleLine Mortgage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.2122 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. This represents a c) annualized dividend and a yield of 5.1%.

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.