DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Up 193.1% in March

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 56,757 shares, a growth of 193.1% from the February 26th total of 19,363 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 164,228 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 164,228 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of DoubleLine Opportunistic Bond ETF

A number of large investors have recently made changes to their positions in DBND. Benchmark Financial Wealth Advisors LLC raised its position in DoubleLine Opportunistic Bond ETF by 12.8% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 414,817 shares of the company’s stock valued at $19,301,000 after purchasing an additional 47,109 shares during the period. Bristlecone Advisors LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 41.8% in the 3rd quarter. Bristlecone Advisors LLC now owns 74,663 shares of the company’s stock worth $3,474,000 after purchasing an additional 21,993 shares during the period. Boothe Investment Group Inc. boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 7.3% in the 3rd quarter. Boothe Investment Group Inc. now owns 636,766 shares of the company’s stock worth $29,629,000 after purchasing an additional 43,243 shares during the period. Aprio Wealth Management LLC increased its position in shares of DoubleLine Opportunistic Bond ETF by 9.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 175,890 shares of the company’s stock valued at $8,184,000 after purchasing an additional 15,091 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter valued at approximately $6,136,000.

DoubleLine Opportunistic Bond ETF Trading Up 0.3%

Shares of DBND stock traded up $0.12 on Wednesday, reaching $45.71. The company’s stock had a trading volume of 41,241 shares, compared to its average volume of 92,732. The stock’s fifty day simple moving average is $46.40 and its 200-day simple moving average is $46.48. DoubleLine Opportunistic Bond ETF has a 1 year low of $44.92 and a 1 year high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1662 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.4%.

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.