DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Sees Significant Decrease in Short Interest

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,872 shares, a decrease of 77.2% from the May 31st total of 38,912 shares. Based on an average daily volume of 12,556 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

Institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC raised its holdings in shares of DoubleLine Multi-Sector Income ETF by 52.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock worth $12,627,000 after purchasing an additional 86,308 shares during the last quarter. Hippocratic Financial Advisors LLC grew its holdings in DoubleLine Multi-Sector Income ETF by 13.2% in the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock valued at $27,276,000 after purchasing an additional 62,856 shares during the period. Seascape Capital Management lifted its holdings in DoubleLine Multi-Sector Income ETF by 21.6% during the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock valued at $7,443,000 after purchasing an additional 26,216 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in DoubleLine Multi-Sector Income ETF in the 3rd quarter worth about $756,000. Finally, Sanctuary Advisors LLC increased its position in shares of DoubleLine Multi-Sector Income ETF by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after purchasing an additional 4,638 shares in the last quarter.

DoubleLine Multi-Sector Income ETF Stock Performance

DoubleLine Multi-Sector Income ETF stock remained flat at $50.19 during midday trading on Friday. The company’s stock had a trading volume of 3,811 shares, compared to its average volume of 12,079. The stock’s 50-day simple moving average is $50.19 and its 200-day simple moving average is $50.34. DoubleLine Multi-Sector Income ETF has a 52 week low of $49.75 and a 52 week high of $50.87.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.