Short Interest in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) Rises By 139.4%

Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 40,915 shares, a growth of 139.4% from the February 26th total of 17,092 shares. Based on an average daily trading volume, of 5,590 shares, the days-to-cover ratio is currently 7.3 days. Currently, 5.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Doubleline Fortune 500 Equal Weight ETF

An institutional investor recently raised its position in Doubleline Fortune 500 Equal Weight ETF stock. Foundations Investment Advisors LLC grew its holdings in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,005 shares of the company’s stock after purchasing an additional 119,991 shares during the quarter. Foundations Investment Advisors LLC owned about 57.31% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 at the end of the most recent reporting period.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of DFVE opened at $31.98 on Friday. Doubleline Fortune 500 Equal Weight ETF has a 1 year low of $24.25 and a 1 year high of $34.50. The stock’s fifty day moving average price is $33.40 and its two-hundred day moving average price is $32.27. The firm has a market cap of $24.94 million, a PE ratio of 15.69 and a beta of 0.98.

Doubleline Fortune 500 Equal Weight ETF Company Profile

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.