DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) Sees Significant Decrease in Short Interest

DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,863 shares, a decrease of 57.1% from the July 15th total of 9,000 shares. Based on an average trading volume of 9,671 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

DoubleLine Asset-Backed Securities ETF Price Performance

Shares of DABS traded down $0.04 during mid-day trading on Friday, hitting $50.40. 7,747 shares of the company’s stock were exchanged, compared to its average volume of 15,368. DoubleLine Asset-Backed Securities ETF has a 52 week low of $50.15 and a 52 week high of $51.52. The company has a 50-day simple moving average of $50.45 and a 200 day simple moving average of $50.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Paladin Wealth LLC grew its position in DoubleLine Asset-Backed Securities ETF by 6.0% in the second quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock valued at $2,294,000 after purchasing an additional 2,569 shares in the last quarter. Breakwater Capital Group lifted its position in DoubleLine Asset-Backed Securities ETF by 61.0% during the 2nd quarter. Breakwater Capital Group now owns 10,475 shares of the company’s stock worth $531,000 after buying an additional 3,969 shares in the last quarter. Empowered Funds LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the 1st quarter worth about $2,195,000. Legacy Capital Group California Inc. acquired a new position in shares of DoubleLine Asset-Backed Securities ETF during the 1st quarter worth about $264,000. Finally, Beam Wealth Advisors Inc. boosted its stake in shares of DoubleLine Asset-Backed Securities ETF by 20.7% during the 1st 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 during the last quarter.

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.