DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Significant Decrease in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 14,849 shares, a drop of 75.0% from the May 14th total of 59,317 shares. Based on an average daily volume of 18,422 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF during the first quarter worth about $31,000. Harbour Investments Inc. purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF during the fourth quarter worth about $51,000. Basso Capital Management L.P. grew its holdings 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 worth $280,000 after buying an additional 2,000 shares in the last quarter. Naples Global Advisors LLC grew its holdings in shares of DoubleLine Asset-Backed Securities ETF by 29.8% during the fourth quarter. Naples Global Advisors LLC now owns 10,350 shares of the company’s stock worth $527,000 after buying an additional 2,375 shares in the last quarter. Finally, Paladin Wealth LLC grew its holdings in shares of DoubleLine Asset-Backed Securities ETF by 7.2% during the fourth quarter. Paladin Wealth LLC now owns 39,195 shares of the company’s stock worth $1,995,000 after buying an additional 2,625 shares in the last quarter.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of NYSEARCA DABS traded down $0.08 during midday trading on Friday, reaching $50.45. 9,121 shares of the stock were exchanged, compared to its average volume of 16,588. DoubleLine Asset-Backed Securities ETF has a 52-week low of $50.15 and a 52-week high of $54.15. The stock has a 50 day moving average price of $50.56 and a 200-day moving average price of $50.83.

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.