Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,145 shares, an increase of 505.4% from the September 15th total of 1,841 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 15,305 shares, the days-to-cover ratio is currently 0.7 days.
Doubleline Fortune 500 Equal Weight ETF Trading Up 0.1%
Shares of Doubleline Fortune 500 Equal Weight ETF stock traded up $0.02 during trading hours on Friday, reaching $35.56. The stock had a trading volume of 2,529 shares, compared to its average volume of 6,520. The stock’s 50 day moving average is $36.53 and its 200 day moving average is $35.44. The firm has a market capitalization of $44.81 million, a PE ratio of 15.69 and a beta of 0.81. Doubleline Fortune 500 Equal Weight ETF has a twelve month low of $30.10 and a twelve month high of $39.71.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC bought a new stake in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 reporting period.
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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