DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Short Interest Down 80.6% in April
by Jessica Moore · The Cerbat GemDoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 8,488 shares, a decline of 80.6% from the March 31st total of 43,688 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 34,928 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On DoubleLine Commercial Real Estate ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of DoubleLine Commercial Real Estate ETF during the second quarter valued at approximately $40,000. Osaic Holdings Inc. grew its holdings in DoubleLine Commercial Real Estate ETF by 9,905.6% during the second quarter. Osaic Holdings Inc. now owns 3,602 shares of the company’s stock worth $187,000 after buying an additional 3,566 shares in the last quarter. Comerica Bank grew its holdings in DoubleLine Commercial Real Estate ETF by 12.0% during the third quarter. Comerica Bank now owns 3,770 shares of the company’s stock worth $196,000 after buying an additional 405 shares in the last quarter. A4 Wealth Advisors LLC bought a new stake in DoubleLine Commercial Real Estate ETF during the third quarter worth $232,000. Finally, Brucke Financial Inc. bought a new stake in DoubleLine Commercial Real Estate ETF during the fourth quarter worth $257,000.
DoubleLine Commercial Real Estate ETF Trading Up 0.0%
Shares of NYSEARCA DCRE traded up $0.02 during midday trading on Friday, hitting $51.97. 38,156 shares of the stock traded hands, compared to its average volume of 42,279. DoubleLine Commercial Real Estate ETF has a one year low of $51.56 and a one year high of $52.56. The business has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $52.03.
DoubleLine Commercial Real Estate ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1944 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.
DoubleLine Commercial Real Estate ETF Company Profile
The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.