DoubleLine Mortgage ETF (NYSEARCA:DMBS) Sees Large Drop in Short Interest

DoubleLine Mortgage ETF (NYSEARCA:DMBS) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 29,469 shares, a decline of 57.6% from the May 31st total of 69,554 shares. Based on an average daily volume of 64,201 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

DoubleLine Mortgage ETF Stock Down 0.6%

DMBS stock traded down $0.28 on Wednesday, hitting $48.81. 15,162 shares of the company’s stock traded hands, compared to its average volume of 80,530. DoubleLine Mortgage ETF has a 1-year low of $48.19 and a 1-year high of $50.54. The stock has a fifty day moving average of $49.03 and a 200-day moving average of $49.49.

Institutional Investors Weigh In On DoubleLine Mortgage ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guardian Wealth Advisors LLC NC grew its holdings in shares of DoubleLine Mortgage ETF by 6.8% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,818 shares of the company’s stock worth $239,000 after acquiring an additional 306 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of DoubleLine Mortgage ETF by 1.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 34,376 shares of the company’s stock valued at $1,707,000 after purchasing an additional 432 shares during the period. Milestones Private Investment Advisors LLC increased its stake in DoubleLine Mortgage ETF by 2.2% in the 1st quarter. Milestones Private Investment Advisors LLC now owns 32,887 shares of the company’s stock worth $1,624,000 after purchasing an additional 718 shares in the last quarter. Parallel Advisors LLC increased its stake in DoubleLine Mortgage ETF by 6.4% in the 4th quarter. Parallel Advisors LLC now owns 14,950 shares of the company’s stock worth $742,000 after purchasing an additional 901 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in DoubleLine Mortgage ETF during the 1st quarter worth about $48,000.

About DoubleLine Mortgage ETF

The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.