DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Pass Above 50-Day Moving Average – What’s Next?

DoubleLine Opportunistic Credit Fund (NYSE:DBL)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.32 and traded as high as $15.34. DoubleLine Opportunistic Credit Fund shares last traded at $15.2850, with a volume of 35,503 shares.

DoubleLine Opportunistic Credit Fund Stock Up 0.1%

The business’s fifty day moving average is $15.32 and its 200-day moving average is $15.39.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, January 14th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DBL. Ameritas Advisory Services LLC acquired a new position in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth about $44,000. Total Investment Management Inc. acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the second quarter valued at about $65,000. XTX Topco Ltd bought a new position in shares of DoubleLine Opportunistic Credit Fund during the second quarter worth about $156,000. Blackhawk Capital Partners LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the third quarter worth approximately $163,000. Finally, World Equity Group Inc. boosted its holdings in DoubleLine Opportunistic Credit Fund by 7.2% in the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock valued at $173,000 after acquiring an additional 750 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.