Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Sees Significant Decrease in Short Interest

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 4,714 shares, a decline of 57.7% from the September 30th total of 11,145 shares. Based on an average trading volume of 5,550 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Doubleline Fortune 500 Equal Weight ETF stock. Root Financial Partners LLC bought a new position in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 870 shares of the company’s stock, valued at approximately $28,000. Root Financial Partners LLC owned approximately 0.10% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent quarter.

Doubleline Fortune 500 Equal Weight ETF Stock Down 0.4%

Shares of NYSEARCA:DFVE traded down $0.14 during trading on Friday, reaching $36.56. The stock had a trading volume of 8,988 shares, compared to its average volume of 6,417. The firm has a market capitalization of $46.07 million, a price-to-earnings ratio of 15.69 and a beta of 0.81. The stock has a fifty day simple moving average of $36.18 and a two-hundred day simple moving average of $35.00. Doubleline Fortune 500 Equal Weight ETF has a 52 week low of $30.10 and a 52 week high of $39.71.

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.