Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Sees Large Growth in Short Interest

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 16,031 shares, an increase of 47.8% from the July 30th total of 10,850 shares. Based on an average daily volume of 6,328 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Trading of Doubleline Fortune 500 Equal Weight ETF

Institutional investors have recently made changes to their positions in the stock. Mutual Advisors LLC boosted its holdings in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% in the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock valued at $262,000 after acquiring an additional 347 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Doubleline Fortune 500 Equal Weight ETF by 36.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock worth $14,262,000 after purchasing an additional 119,991 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Doubleline Fortune 500 Equal Weight ETF in the first quarter worth approximately $28,000.

Doubleline Fortune 500 Equal Weight ETF Trading Down 0.7%

DFVE stock traded down $0.27 during trading on Tuesday, hitting $36.72. The company had a trading volume of 1,949 shares, compared to its average volume of 5,039. The firm has a market capitalization of $37.45 million, a price-to-earnings ratio of 15.69 and a beta of 0.78. The business has a 50 day moving average of $36.60 and a 200 day moving average of $34.93. Doubleline Fortune 500 Equal Weight ETF has a fifty-two week low of $30.10 and a fifty-two week high of $39.71.

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.