Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Decreases By 94.0%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,428 shares, a drop of 94.0% from the January 15th total of 40,271 shares. Based on an average trading volume of 8,010 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 8,010 shares, the short-interest ratio is currently 0.3 days.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of DFVE stock traded down $0.04 during trading hours on Tuesday, hitting $34.33. The company had a trading volume of 1,366 shares, compared to its average volume of 5,854. The stock has a market capitalization of $26.78 million, a PE ratio of 15.69 and a beta of 0.98. The company’s fifty day moving average is $32.80 and its 200 day moving average is $31.65. Doubleline Fortune 500 Equal Weight ETF has a fifty-two week low of $24.25 and a fifty-two week high of $34.47.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC grew its position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,005 shares of the company’s stock after buying an additional 119,991 shares during the quarter. Foundations Investment Advisors LLC owned 57.31% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 as of its most recent filing with the Securities and Exchange Commission.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.