DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Sees Large Decline in Short Interest

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 11,116 shares, a decrease of 48.6% from the June 30th total of 21,617 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 11,797 shares, the short-interest ratio is currently 0.9 days.

DoubleLine Multi-Sector Income ETF Trading Down 0.1%

Shares of DMX stock traded down $0.04 on Wednesday, reaching $49.95. The company’s stock had a trading volume of 5,123 shares, compared to its average volume of 11,683. The stock’s 50 day simple moving average is $50.12 and its 200-day simple moving average is $50.27. DoubleLine Multi-Sector Income ETF has a 12-month low of $49.75 and a 12-month high of $50.87.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

A number of large investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of DoubleLine Multi-Sector Income ETF during the first quarter worth approximately $38,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of DoubleLine Multi-Sector Income ETF during the first quarter valued at approximately $282,000. Jane Street Group LLC bought a new position in DoubleLine Multi-Sector Income ETF in the 1st quarter worth $360,000. JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF in the third quarter worth about $756,000. Finally, Sanctuary Advisors LLC raised its position in shares of DoubleLine Multi-Sector Income ETF by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after acquiring an additional 4,638 shares in the last quarter.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.