Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Expands By 536.1%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,912 shares, a growth of 536.1% from the May 14th total of 6,117 shares. Based on an average daily volume of 20,455 shares, the short-interest ratio is presently 1.9 days. Approximately 2.3% of the shares of the company are short sold.

DoubleLine Multi-Sector Income ETF Price Performance

Shares of NYSEARCA DMX traded down $0.05 during trading hours on Wednesday, hitting $49.97. 4,537 shares of the company’s stock were exchanged, compared to its average volume of 12,192. DoubleLine Multi-Sector Income ETF has a 1-year low of $49.75 and a 1-year high of $50.87. The company’s 50-day moving average price is $50.17 and its 200-day moving average price is $50.37.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter worth approximately $38,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the first quarter valued at approximately $282,000. Jane Street Group LLC bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the first quarter valued at approximately $360,000. JPMorgan Chase & Co. bought a new stake in shares of DoubleLine Multi-Sector Income ETF during the third quarter valued at approximately $756,000. Finally, Intrepid Financial Planning Group LLC increased its position in shares of DoubleLine Multi-Sector Income ETF by 92.2% during the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock valued at $777,000 after purchasing an additional 7,348 shares during the period.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.