DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Stock Short Interest Rises 1,702.9%

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 941,727 shares, a growth of 1,702.9% from the September 30th total of 52,234 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average trading volume of 211,109 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of DoubleLine Opportunistic Bond ETF

A number of institutional investors have recently made changes to their positions in DBND. Apollon Wealth Management LLC purchased a new position in DoubleLine Opportunistic Bond ETF during the third quarter valued at $369,000. Beaumont Financial Advisors LLC grew its position in shares of DoubleLine Opportunistic Bond ETF by 1.8% during the third quarter. Beaumont Financial Advisors LLC now owns 29,532 shares of the company’s stock valued at $1,284,000 after purchasing an additional 510 shares in the last quarter. Boothe Investment Group Inc. increased its stake in DoubleLine Opportunistic Bond ETF by 15.8% in the 3rd quarter. Boothe Investment Group Inc. now owns 873,431 shares of the company’s stock worth $37,977,000 after acquiring an additional 118,950 shares during the last quarter. Axxcess Wealth Management LLC increased its position in DoubleLine Opportunistic Bond ETF by 6.2% in the third quarter. Axxcess Wealth Management LLC now owns 13,939 shares of the company’s stock worth $606,000 after purchasing an additional 819 shares during the last quarter. Finally, Holcombe Financial Inc. increased its stake in DoubleLine Opportunistic Bond ETF by 0.8% during the third quarter. Holcombe Financial Inc. now owns 270,700 shares of the company’s stock worth $11,770,000 after acquiring an additional 2,163 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Trading Up 0.0%

Shares of NYSEARCA DBND traded up $0.01 during midday trading on Monday, reaching $43.98. The company had a trading volume of 301,039 shares, compared to its average volume of 90,926. DoubleLine Opportunistic Bond ETF has a one year low of $43.18 and a one year high of $47.05. The firm’s fifty day moving average price is $44.15 and its 200-day moving average price is $45.38.

About DoubleLine Opportunistic Bond ETF

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.