DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading 0.2% Higher – What’s Next?

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) traded up 0.2% on Wednesday . The company traded as high as $50.55 and last traded at $50.53. 8,324 shares were traded during trading, a decline of 8% from the average session volume of 9,031 shares. The stock had previously closed at $50.43.

DoubleLine Multi-Sector Income ETF Stock Up 0.2%

The firm has a 50 day moving average price of $50.47 and a two-hundred day moving average price of $50.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter valued at $360,000. Intrepid Financial Planning Group LLC acquired a new stake in shares of DoubleLine Multi-Sector Income ETF during the 2nd quarter worth about $402,000. JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF during the 3rd quarter valued at about $756,000. Seascape Capital Management lifted its holdings in DoubleLine Multi-Sector Income ETF by 252.3% during the 2nd quarter. Seascape Capital Management now owns 88,233 shares of the company’s stock valued at $4,450,000 after purchasing an additional 63,187 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in DoubleLine Multi-Sector Income ETF by 241.1% in the second quarter. Foundations Investment Advisors LLC now owns 134,630 shares of the company’s stock valued at $6,791,000 after buying an additional 95,158 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.