Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Stock Short Interest Report for October

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 4,714 shares, a decline of 57.7% from the September 30th total of 11,145 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,550 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF

A hedge fund recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent filing with the Securities & Exchange Commission.

Doubleline Fortune 500 Equal Weight ETF Trading Down 0.4%

DFVE traded down $0.14 during midday trading on Friday, hitting $36.56. The company’s stock had a trading volume of 8,988 shares, compared to its average volume of 6,417. The firm has a market cap of $46.07 million, a P/E ratio of 15.69 and a beta of 0.81. Doubleline Fortune 500 Equal Weight ETF has a 52-week low of $30.10 and a 52-week high of $39.71. The firm has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $35.00.

Doubleline Fortune 500 Equal Weight ETF Company Profile

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.