Short Interest in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Drops By 43.9%

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,499 shares, a decline of 43.9% from the July 30th total of 8,013 shares. Based on an average daily trading volume, of 10,282 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

DoubleLine Multi-Sector Income ETF Price Performance

Shares of DoubleLine Multi-Sector Income ETF stock traded down $0.02 during midday trading on Friday, reaching $50.13. 7,569 shares of the company’s stock traded hands, compared to its average volume of 11,777. The stock has a 50 day moving average of $50.08 and a 200-day moving average of $50.18. DoubleLine Multi-Sector Income ETF has a 12 month low of $49.75 and a 12 month high of $50.87.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter worth about $38,000. Legacy Wealth Managment LLC ID purchased a new position in shares of DoubleLine Multi-Sector Income ETF during the second quarter valued at about $258,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Multi-Sector Income ETF in the first quarter worth about $282,000. Jane Street Group LLC bought a new position in DoubleLine Multi-Sector Income ETF in the first quarter worth about $360,000. Finally, JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF in the third quarter worth about $756,000.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.