DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading Down 0% – Here’s Why

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX)’s share price fell 0% during mid-day trading on Friday . The company traded as low as $50.66 and last traded at $50.66. 4,516 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 12,886 shares. The stock had previously closed at $50.67.

DoubleLine Multi-Sector Income ETF Price Performance

The business’s 50-day simple moving average is $50.60 and its 200-day simple moving average is $50.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DMX. Hippocratic Financial Advisors LLC grew its position in shares of DoubleLine Multi-Sector Income ETF by 13.2% in the 4th 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 last quarter. Foundations Investment Advisors LLC lifted its stake in 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 worth $12,627,000 after acquiring an additional 86,308 shares during the period. Seascape Capital Management lifted its stake in DoubleLine Multi-Sector Income ETF by 21.6% in the fourth quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock worth $7,443,000 after acquiring an additional 26,216 shares during the period. Sanctuary Advisors LLC boosted its holdings in DoubleLine Multi-Sector Income ETF by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock valued at $6,346,000 after acquiring an additional 4,638 shares in the last quarter. Finally, Intrepid Financial Planning Group LLC increased its position in DoubleLine Multi-Sector Income ETF by 92.2% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 15,318 shares of the company’s stock valued at $777,000 after purchasing an additional 7,348 shares during the period.

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.