Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Increases By 139.4%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 40,915 shares, a growth of 139.4% from the February 26th total of 17,092 shares. Based on an average daily trading volume, of 5,590 shares, the short-interest ratio is currently 7.3 days. Approximately 5.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC boosted its holdings in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 42.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,014 shares of the company’s stock after purchasing an additional 97,952 shares during the quarter. Foundations Investment Advisors LLC owned approximately 54.50% of Doubleline Fortune 500 Equal Weight ETF worth $10,293,000 at the end of the most recent quarter.

Doubleline Fortune 500 Equal Weight ETF Trading Down 1.2%

NYSEARCA:DFVE traded down $0.38 on Friday, reaching $31.98. The stock had a trading volume of 1,453 shares, compared to its average volume of 5,326. The company has a 50-day moving average of $33.40 and a 200 day moving average of $32.27. The stock has a market cap of $24.94 million, a P/E ratio of 15.69 and a beta of 0.98. Doubleline Fortune 500 Equal Weight ETF has a 12-month low of $24.25 and a 12-month high of $34.50.

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.