Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 4,714 shares, a decrease of 57.7% from the September 30th total of 11,145 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 5,550 shares, the short-interest ratio is presently 0.8 days.
Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF
A hedge fund recently bought a new position in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC purchased a new position in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 870 shares of the company’s stock, valued at approximately $28,000. Root Financial Partners LLC owned approximately 0.10% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent quarter.
Doubleline Fortune 500 Equal Weight ETF Stock Down 0.4%
Shares of DFVE stock opened at $36.56 on Friday. The stock has a market cap of $46.07 million, a P/E ratio of 15.69 and a beta of 0.81. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $30.10 and a 52 week high of $39.71. The company’s fifty day simple moving average is $36.17 and its two-hundred day simple moving average is $35.02.
About Doubleline Fortune 500 Equal Weight ETF
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.
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