DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Large Decline in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,557 shares, a decline of 44.4% from the August 15th total of 6,403 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 23,187 shares, the days-to-cover ratio is currently 0.2 days.

DoubleLine Asset-Backed Securities ETF Stock Up 0.2%

NYSEARCA DABS traded up $0.09 during trading hours on Thursday, hitting $49.94. 8,882 shares of the company’s stock traded hands, compared to its average volume of 15,408. DoubleLine Asset-Backed Securities ETF has a 52-week low of $49.85 and a 52-week high of $51.52. The firm’s 50-day moving average is $50.33 and its 200-day moving average is $50.53.

Institutional Investors Weigh In On DoubleLine Asset-Backed Securities ETF

Large investors have recently made changes to their positions in the stock. Beam Wealth Advisors Inc. lifted its position in DoubleLine Asset-Backed Securities ETF by 20.7% during the first quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after buying an additional 57,132 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in DoubleLine Asset-Backed Securities ETF by 119.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock valued at $5,207,000 after buying an additional 55,711 shares in the last quarter. Mattson Financial Services LLC grew its holdings in DoubleLine Asset-Backed Securities ETF by 14.1% in the 4th quarter. Mattson Financial Services LLC now owns 84,976 shares of the company’s stock valued at $4,326,000 after buying an additional 10,522 shares in the last quarter. Paladin Wealth LLC increased its stake in shares of DoubleLine Asset-Backed Securities ETF by 6.0% in the 2nd quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock worth $2,294,000 after acquiring an additional 2,569 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter worth $2,195,000.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.