Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Down 76.8% in July

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 10,850 shares, a drop of 76.8% from the July 15th total of 46,789 shares. Based on an average trading volume of 1,832 shares, the days-to-cover ratio is presently 5.9 days. Currently, 1.1% of the company’s stock are short sold.

Doubleline Fortune 500 Equal Weight ETF Stock Performance

DFVE traded up $0.04 during midday trading on Friday, reaching $37.72. 4,306 shares of the company were exchanged, compared to its average volume of 5,176. The company’s fifty day moving average price is $36.20 and its 200 day moving average price is $34.64. The company has a market cap of $38.47 million, a price-to-earnings ratio of 15.69 and a beta of 0.78. Doubleline Fortune 500 Equal Weight ETF has a one year low of $30.10 and a one year high of $39.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Foundations Investment Advisors LLC raised its position in Doubleline Fortune 500 Equal Weight ETF by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock valued at $14,262,000 after buying an additional 119,991 shares during the last quarter. Mutual Advisors LLC boosted its holdings in Doubleline Fortune 500 Equal Weight ETF by 4.4% during the 4th quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after acquiring an additional 347 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF during the 1st quarter worth $28,000.

Doubleline Fortune 500 Equal Weight ETF Company Profile

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.