DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading Up 0.1% – Here’s Why

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) was up 0.1% during trading on Friday . The company traded as high as $50.10 and last traded at $50.05. Approximately 9,465 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 11,819 shares. The stock had previously closed at $50.01.

DoubleLine Multi-Sector Income ETF Stock Up 0.1%

The firm’s 50-day moving average price is $49.69 and its two-hundred day moving average price is $49.90.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DMX. Bank of America Corp DE purchased a new position in DoubleLine Multi-Sector Income ETF during the fourth quarter valued at approximately $5,002,000. Barclays PLC purchased a new position in DoubleLine Multi-Sector Income ETF during the fourth quarter valued at approximately $5,002,000. JPMorgan Chase & Co. purchased a new position in DoubleLine Multi-Sector Income ETF during the fourth quarter valued at approximately $4,752,000. Jane Street Group LLC purchased a new position in DoubleLine Multi-Sector Income ETF during the first quarter valued at approximately $360,000. Finally, Foundations Investment Advisors LLC purchased a new position in DoubleLine Multi-Sector Income ETF during the first quarter valued at approximately $1,966,000.

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.