DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Large Decrease in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,557 shares, a drop of 44.4% from the August 15th total of 6,403 shares. Based on an average daily volume of 23,187 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

DoubleLine Asset-Backed Securities ETF Stock Down 0.1%

DoubleLine Asset-Backed Securities ETF stock traded down $0.04 during midday trading on Wednesday, hitting $49.85. The stock had a trading volume of 8,613 shares, compared to its average volume of 15,445. The business has a fifty day moving average price of $50.34 and a 200 day moving average price of $50.54. DoubleLine Asset-Backed Securities ETF has a 12 month low of $49.85 and a 12 month high of $51.52.

Hedge Funds Weigh In On DoubleLine Asset-Backed Securities ETF

Several large investors have recently added to or reduced their stakes in DABS. Root Financial Partners LLC acquired a new position in DoubleLine Asset-Backed Securities ETF in the first quarter worth $31,000. Harbour Investments Inc. bought a new position in shares of DoubleLine Asset-Backed Securities ETF in the 4th quarter worth about $51,000. Integrated Wealth Concepts LLC acquired a new position in shares of DoubleLine Asset-Backed Securities ETF in the 2nd quarter valued at about $80,000. Legacy Capital Group California Inc. acquired a new position in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at about $264,000. Finally, Basso Capital Management L.P. grew its position in shares of DoubleLine Asset-Backed Securities ETF by 57.1% during the 4th quarter. Basso Capital Management L.P. now owns 5,500 shares of the company’s stock valued at $280,000 after buying an additional 2,000 shares during the last quarter.

About DoubleLine Asset-Backed Securities ETF

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.