DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 14.2% in January

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 279,507 shares, a drop of 14.2% from the December 31st total of 325,933 shares. Based on an average daily trading volume, of 46,090 shares, the short-interest ratio is currently 6.1 days. Based on an average daily trading volume, of 46,090 shares, the short-interest ratio is currently 6.1 days.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of DBL opened at $15.16 on Wednesday. DoubleLine Opportunistic Credit Fund has a one year low of $14.49 and a one year high of $16.01. The business’s 50 day simple moving average is $15.24 and its 200-day simple moving average is $15.37.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 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. bought a new position in shares of DoubleLine Opportunistic Credit Fund in the second quarter worth about $65,000. XTX Topco Ltd acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the second quarter worth approximately $156,000. Blackhawk Capital Partners LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the third quarter valued at approximately $163,000. Finally, World Equity Group Inc. grew its stake in shares of DoubleLine Opportunistic Credit Fund by 7.2% during the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 750 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

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.