DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Short Interest Up 187.1% in August

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 131,098 shares, a growth of 187.1% from the July 30th total of 45,659 shares. Based on an average daily volume of 88,405 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the company’s stock are sold short.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND traded down $0.13 during mid-day trading on Friday, reaching $44.95. The company had a trading volume of 64,244 shares, compared to its average volume of 80,324. The firm has a 50-day moving average price of $45.16 and a 200 day moving average price of $45.64. DoubleLine Opportunistic Bond ETF has a 52 week low of $44.74 and a 52 week high of $47.05.

Institutional Investors Weigh In On DoubleLine Opportunistic Bond ETF

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in DoubleLine Opportunistic Bond ETF in the 4th quarter worth about $74,000. Western Wealth Management LLC bought a new stake in DoubleLine Opportunistic Bond ETF during the 1st quarter valued at about $101,000. Bank of America Corp DE purchased a new position in DoubleLine Opportunistic Bond ETF in the third quarter worth about $125,000. Farther Finance Advisors LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock worth $131,000 after buying an additional 2,772 shares in the last quarter. Finally, First Financial Group Corp bought a new position in shares of DoubleLine Opportunistic Bond ETF in the first quarter worth approximately $216,000.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.