Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Update

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 16,031 shares, a growth of 47.8% from the July 30th total of 10,850 shares. Based on an average daily trading volume, of 6,328 shares, the short-interest ratio is presently 2.5 days. Approximately 1.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in shares of Doubleline Fortune 500 Equal Weight ETF during the 1st quarter valued at about $28,000. Mutual Advisors LLC raised its holdings in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% in the 4th quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after purchasing an additional 347 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Doubleline Fortune 500 Equal Weight ETF by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock worth $14,262,000 after purchasing an additional 119,991 shares in the last quarter.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of Doubleline Fortune 500 Equal Weight ETF stock traded down $0.27 during trading on Tuesday, hitting $36.72. The stock had a trading volume of 1,949 shares, compared to its average volume of 5,039. The business has a fifty day moving average of $36.60 and a two-hundred day moving average of $34.93. Doubleline Fortune 500 Equal Weight ETF has a fifty-two week low of $30.10 and a fifty-two week high of $39.71. The firm has a market cap of $37.45 million, a P/E ratio of 15.69 and a beta of 0.78.

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.