DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Short Interest Down 35.2% in June

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 9,622 shares, a drop of 35.2% from the May 31st total of 14,849 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 15,282 shares, the short-interest ratio is currently 0.6 days.

DoubleLine Asset-Backed Securities ETF Price Performance

Shares of DoubleLine Asset-Backed Securities ETF stock remained flat at $50.43 during trading on Friday. 7,644 shares of the company traded hands, compared to its average volume of 16,473. DoubleLine Asset-Backed Securities ETF has a one year low of $50.26 and a one year high of $51.52. The firm’s 50 day moving average is $50.53 and its 200-day moving average is $50.79.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth bought a new position in DoubleLine Asset-Backed Securities ETF during the 3rd quarter worth approximately $172,637,000. Gradient Investments LLC lifted its holdings in DoubleLine Asset-Backed Securities ETF by 8.7% in the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock valued at $55,925,000 after buying an additional 87,563 shares during the period. Beam Wealth Advisors Inc. lifted its holdings in DoubleLine Asset-Backed Securities ETF by 20.7% in the first quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock valued at $16,938,000 after buying an additional 57,132 shares during the period. Asset Advisors Investment Management LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the fourth quarter valued at $7,803,000. Finally, Foundations Investment Advisors LLC boosted its position in DoubleLine Asset-Backed Securities ETF by 119.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock valued at $5,207,000 after acquiring an additional 55,711 shares during 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.