Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Drops By 55.8%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 53,134 shares, a decrease of 55.8% from the June 15th total of 120,297 shares. Based on an average trading volume of 79,640 shares, the days-to-cover ratio is currently 0.7 days.

DoubleLine Opportunistic Credit Fund Stock Up 0.1%

Shares of DBL stock traded up $0.01 during trading on Tuesday, reaching $14.26. The company had a trading volume of 13,924 shares, compared to its average volume of 71,516. The firm’s 50 day simple moving average is $14.36 and its two-hundred day simple moving average is $14.66. DoubleLine Opportunistic Credit Fund has a one year low of $14.07 and a one year high of $16.01.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of institutional investors have recently modified their holdings of DBL. Kestra Advisory Services LLC lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 6.5% in the fourth quarter. Kestra Advisory Services LLC now owns 13,270 shares of the investment management company’s stock worth $202,000 after buying an additional 805 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 4.6% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 18,637 shares of the investment management company’s stock worth $284,000 after acquiring an additional 818 shares during the period. Strategic Wealth Partners Ltd. lifted its position in DoubleLine Opportunistic Credit Fund by 1.1% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 88,316 shares of the investment management company’s stock worth $1,376,000 after acquiring an additional 980 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in DoubleLine Opportunistic Credit Fund by 11.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,565 shares of the investment management company’s stock worth $283,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its position in DoubleLine Opportunistic Credit Fund by 1.1% during the 1st quarter. Journey Advisory Group LLC now owns 173,374 shares of the investment management company’s stock worth $2,531,000 after acquiring an additional 1,944 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.