DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Large Drop in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,557 shares, a drop of 44.4% from the August 15th total of 6,403 shares. Based on an average trading volume of 23,187 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

DoubleLine Asset-Backed Securities ETF Stock Performance

DoubleLine Asset-Backed Securities ETF stock remained flat at $49.92 during trading hours on Tuesday. The company’s stock had a trading volume of 4,440 shares, compared to its average volume of 15,465. The stock’s fifty day moving average price is $50.35 and its 200 day moving average price is $50.55. DoubleLine Asset-Backed Securities ETF has a 52-week low of $49.90 and a 52-week high of $51.52.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at approximately $31,000. Harbour Investments Inc. bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 4th quarter worth $51,000. Integrated Wealth Concepts LLC purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF in the second quarter valued at about $80,000. Basso Capital Management L.P. lifted its position in shares of DoubleLine Asset-Backed Securities ETF by 57.1% during the fourth quarter. Basso Capital Management L.P. now owns 5,500 shares of the company’s stock valued at $280,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Paladin Wealth LLC boosted its holdings in DoubleLine Asset-Backed Securities ETF by 6.0% during the second quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock worth $2,294,000 after purchasing an additional 2,569 shares during the last quarter.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.