DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Sees Significant Increase in Short Interest

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 18,304 shares, a growth of 645.6% from the April 15th total of 2,455 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 7,758 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of DoubleLine Multi-Sector Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in DMX. Foundations Investment Advisors LLC lifted its position in shares of DoubleLine Multi-Sector Income ETF by 52.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock valued at $12,627,000 after acquiring an additional 86,308 shares in the last quarter. Hippocratic Financial Advisors LLC lifted its position in DoubleLine Multi-Sector Income ETF by 13.2% during the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after buying an additional 62,856 shares during the period. Seascape Capital Management lifted its position in DoubleLine Multi-Sector Income ETF by 21.6% during the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after buying an additional 26,216 shares during the period. JPMorgan Chase & Co. purchased a new position in DoubleLine Multi-Sector Income ETF during the third quarter worth about $756,000. Finally, Intrepid Financial Planning Group LLC lifted its position in DoubleLine Multi-Sector Income ETF by 92.2% during the third quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock worth $777,000 after buying an additional 7,348 shares during the period.

DoubleLine Multi-Sector Income ETF Stock Down 0.0%

Shares of NYSEARCA:DMX traded down $0.01 on Wednesday, hitting $50.13. The company had a trading volume of 11,475 shares, compared to its average volume of 11,279. DoubleLine Multi-Sector Income ETF has a 52-week low of $49.74 and a 52-week high of $50.87. The business has a 50 day moving average of $50.16 and a 200 day moving average of $50.41.

DoubleLine Multi-Sector Income ETF Company Profile

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.