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

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,863 shares, a decline of 57.1% from the July 15th total of 9,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,671 shares, the days-to-cover ratio is currently 0.4 days.

DoubleLine Asset-Backed Securities ETF Stock Performance

DABS traded down $0.04 on Friday, hitting $50.40. 7,747 shares of the company were exchanged, compared to its average volume of 15,368. The stock’s fifty day moving average is $50.45 and its 200-day moving average is $50.68. DoubleLine Asset-Backed Securities ETF has a 12 month low of $50.15 and a 12 month high of $51.52.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Paladin Wealth LLC boosted its holdings in shares of DoubleLine Asset-Backed Securities ETF by 6.0% in the 2nd quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock valued at $2,294,000 after buying an additional 2,569 shares during the last quarter. Breakwater Capital Group grew its stake in shares of DoubleLine Asset-Backed Securities ETF by 61.0% in the second quarter. Breakwater Capital Group now owns 10,475 shares of the company’s stock valued at $531,000 after buying an additional 3,969 shares in the last quarter. Empowered Funds LLC acquired a new position in DoubleLine Asset-Backed Securities ETF during the first quarter worth $2,195,000. Legacy Capital Group California Inc. acquired a new position in DoubleLine Asset-Backed Securities ETF during the first quarter worth $264,000. Finally, Beam Wealth Advisors Inc. raised its position in DoubleLine Asset-Backed Securities ETF by 20.7% during the first quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after acquiring an additional 57,132 shares in the last quarter.

DoubleLine Asset-Backed Securities ETF Company Profile

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.