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

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 38,762 shares, an increase of 215.5% from the May 31st total of 12,287 shares. Based on an average trading volume of 6,050 shares, the short-interest ratio is presently 6.4 days. Currently, 4.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Doubleline Fortune 500 Equal Weight ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Mutual Advisors LLC raised its position in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% during the 4th quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock valued at $262,000 after buying an additional 347 shares during the period. Root Financial Partners LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF in the first quarter worth approximately $28,000. Finally, Foundations Investment Advisors LLC grew its position in Doubleline Fortune 500 Equal Weight ETF by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 447,005 shares of the company’s stock worth $14,262,000 after acquiring an additional 119,991 shares during the period.

Doubleline Fortune 500 Equal Weight ETF Trading Down 0.1%

Shares of DFVE stock opened at $35.95 on Tuesday. Doubleline Fortune 500 Equal Weight ETF has a twelve month low of $29.45 and a twelve month high of $39.71. The company’s 50-day moving average price is $34.88 and its 200-day moving average price is $33.73. The stock has a market cap of $32.36 million, a price-to-earnings ratio of 15.69 and a beta of 0.82.

Doubleline Fortune 500 Equal Weight ETF Company Profile

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.