DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Sees Large Decrease in Short Interest

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,809 shares, a drop of 79.1% from the September 15th total of 18,218 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 8,503 shares, the days-to-cover ratio is presently 0.4 days.

DoubleLine Multi-Sector Income ETF Stock Down 0.1%

DMX traded down $0.03 during trading on Tuesday, reaching $48.94. 7,356 shares of the company’s stock were exchanged, compared to its average volume of 11,825. DoubleLine Multi-Sector Income ETF has a fifty-two week low of $48.54 and a fifty-two week high of $50.83. The business has a 50 day moving average price of $49.66 and a 200 day moving average price of $49.97.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID acquired a new position in DoubleLine Multi-Sector Income ETF in the second quarter worth about $258,000. Root Financial Partners LLC bought a new position in DoubleLine Multi-Sector Income ETF during the first quarter worth about $38,000. Walser Wealth Management Company A Ltd Liability Co bought a new position in DoubleLine Multi-Sector Income ETF during the first quarter worth about $282,000. Finally, Seascape Capital Management boosted its holdings in DoubleLine Multi-Sector Income ETF by 5.0% during the first quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock valued at $7,744,000 after purchasing an additional 7,310 shares in the last quarter.

About DoubleLine Multi-Sector Income ETF

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.