DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Short Interest Up 368.2% in February

DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 58,793 shares, a growth of 368.2% from the February 12th total of 12,558 shares. Based on an average daily trading volume, of 38,447 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 38,447 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DCRE. Csenge Advisory Group increased its position in shares of DoubleLine Commercial Real Estate ETF by 0.9% during the fourth quarter. Csenge Advisory Group now owns 23,901 shares of the company’s stock valued at $1,240,000 after acquiring an additional 202 shares during the last quarter. Mattson Financial Services LLC boosted its position in DoubleLine Commercial Real Estate ETF by 7.4% in the third quarter. Mattson Financial Services LLC now owns 5,403 shares of the company’s stock worth $281,000 after purchasing an additional 374 shares during the last quarter. Comerica Bank boosted its position in DoubleLine Commercial Real Estate ETF by 12.0% in the third quarter. Comerica Bank now owns 3,770 shares of the company’s stock worth $196,000 after purchasing an additional 405 shares during the last quarter. Optima Capital LLC grew its stake in DoubleLine Commercial Real Estate ETF by 1.4% in the 3rd quarter. Optima Capital LLC now owns 32,179 shares of the company’s stock valued at $1,676,000 after purchasing an additional 432 shares during the period. Finally, Private Advisor Group LLC grew its stake in DoubleLine Commercial Real Estate ETF by 6.6% in the 3rd quarter. Private Advisor Group LLC now owns 8,753 shares of the company’s stock valued at $456,000 after purchasing an additional 545 shares during the period.

DoubleLine Commercial Real Estate ETF Price Performance

NYSEARCA:DCRE traded down $0.08 during trading hours on Wednesday, hitting $51.98. 13,160 shares of the company traded hands, compared to its average volume of 31,631. The firm’s 50-day simple moving average is $52.10 and its 200-day simple moving average is $52.07. DoubleLine Commercial Real Estate ETF has a one year low of $51.43 and a one year high of $53.11.

DoubleLine Commercial Real Estate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.1944 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.5%.

DoubleLine Commercial Real Estate ETF Company Profile

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.