Short Interest in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) Decreases By 61.1%

DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 19,363 shares, a drop of 61.1% from the February 12th total of 49,836 shares. Based on an average daily volume of 89,082 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 89,082 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of DoubleLine Opportunistic Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in DoubleLine Opportunistic Bond ETF during the fourth quarter valued at approximately $74,000. Clayton Financial Group LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 4th quarter worth approximately $125,000. Bank of America Corp DE purchased a new stake in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at $125,000. Farther Finance Advisors LLC grew its holdings in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock valued at $131,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Beacon Capital Management Inc. bought a new position in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter valued at $165,000.

DoubleLine Opportunistic Bond ETF Stock Down 0.3%

Shares of DBND stock opened at $46.27 on Wednesday. The business has a 50-day moving average price of $46.51 and a two-hundred day moving average price of $46.51. DoubleLine Opportunistic Bond ETF has a 12-month low of $44.92 and a 12-month high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.1662 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About DoubleLine Opportunistic Bond ETF

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.