Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Short Interest Update

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,428 shares, a decrease of 94.0% from the January 15th total of 40,271 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 8,010 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 8,010 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Doubleline Fortune 500 Equal Weight ETF

An institutional investor recently raised its position in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC increased its stake in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,005 shares of the company’s stock after acquiring an additional 119,991 shares during the period. Foundations Investment Advisors LLC owned about 57.31% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 as of its most recent filing with the Securities & Exchange Commission.

Doubleline Fortune 500 Equal Weight ETF Stock Performance

Shares of Doubleline Fortune 500 Equal Weight ETF stock traded down $0.04 during trading on Tuesday, hitting $34.33. 1,366 shares of the company’s stock were exchanged, compared to its average volume of 5,854. The stock has a market capitalization of $26.78 million, a price-to-earnings ratio of 15.69 and a beta of 0.98. The business has a 50-day simple moving average of $32.80 and a 200-day simple moving average of $31.65. Doubleline Fortune 500 Equal Weight ETF has a 52-week low of $24.25 and a 52-week high of $34.47.

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.