Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Decreases By 26.9%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 99,749 shares, a decrease of 26.9% from the February 26th total of 136,385 shares. Based on an average daily volume of 104,746 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds have recently bought and sold shares of the company. Catawba River Capital boosted its position in shares of DoubleLine Opportunistic Credit Fund by 6.0% during the 3rd quarter. Catawba River Capital now owns 247,310 shares of the investment management company’s stock worth $3,853,000 after acquiring an additional 13,920 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in DoubleLine Opportunistic Credit Fund by 114.6% during the third quarter. Stratos Wealth Advisors LLC now owns 251,623 shares of the investment management company’s stock valued at $3,920,000 after purchasing an additional 134,396 shares in the last quarter. Blackhawk Capital Partners LLC acquired a new position in DoubleLine Opportunistic Credit Fund during the third quarter valued at approximately $163,000. Evergreen Capital Management LLC lifted its stake in DoubleLine Opportunistic Credit Fund by 2.4% during the third quarter. Evergreen Capital Management LLC now owns 511,911 shares of the investment management company’s stock worth $7,976,000 after purchasing an additional 11,769 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 90,219 shares of the investment management company’s stock valued at $1,406,000 after purchasing an additional 1,197 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Trading Down 0.2%

Shares of DBL stock opened at $14.21 on Tuesday. The stock has a 50 day simple moving average of $14.85 and a 200 day simple moving average of $15.20. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.07 and a 1 year high of $16.01.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) annualized dividend and a yield of 9.3%.

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.