Short Interest in DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) Decreases By 17.8%
by Jessica Moore · The Cerbat GemDoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE – Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 43,688 shares, a drop of 17.8% from the March 15th total of 53,128 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 82,641 shares, the short-interest ratio is currently 0.5 days.
DoubleLine Commercial Real Estate ETF Stock Performance
NYSEARCA:DCRE traded up $0.06 during trading hours on Friday, reaching $51.97. 124,355 shares of the company were exchanged, compared to its average volume of 41,630. DoubleLine Commercial Real Estate ETF has a 52-week low of $51.53 and a 52-week high of $52.56. The stock has a 50 day simple moving average of $52.02 and a 200 day simple moving average of $52.03.
DoubleLine Commercial Real Estate ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1944 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%.
Hedge Funds Weigh In On DoubleLine Commercial Real Estate ETF
A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of DoubleLine Commercial Real Estate ETF in the 2nd quarter valued at $40,000. Osaic Holdings Inc. raised its stake in shares of DoubleLine Commercial Real Estate ETF by 9,905.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,602 shares of the company’s stock valued at $187,000 after acquiring an additional 3,566 shares during the period. Comerica Bank raised its stake in shares of DoubleLine Commercial Real Estate ETF by 12.0% in the 3rd quarter. Comerica Bank now owns 3,770 shares of the company’s stock valued at $196,000 after acquiring an additional 405 shares during the period. A4 Wealth Advisors LLC purchased a new position in shares of DoubleLine Commercial Real Estate ETF in the 3rd quarter valued at $232,000. Finally, Brucke Financial Inc. purchased a new position in shares of DoubleLine Commercial Real Estate ETF in the 4th quarter valued at $257,000.
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.