DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Cross Above Fifty Day Moving Average of $14.44

DoubleLine Opportunistic Credit Fund (NYSE:DBL) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.44 and traded as high as $14.47. DoubleLine Opportunistic Credit Fund shares last traded at $14.42, with a volume of 63,853 shares trading hands.

DoubleLine Opportunistic Credit Fund Price Performance

The stock’s 50 day moving average is $14.44 and its two-hundred day moving average is $14.52.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.32 dividend on an annualized basis and a yield of 9.15%.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth approximately $25,000. CoreCap Advisors LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the fourth quarter valued at approximately $28,000. Elequin Securities LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $40,000. Captrust Financial Advisors acquired a new position in DoubleLine Opportunistic Credit Fund in the second quarter valued at approximately $69,000. Finally, Carmel Capital Partners LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $99,000.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.