DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of DoubleLine Opportunistic Credit Fund (NYSE:DBLGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.56 and traded as low as $14.02. DoubleLine Opportunistic Credit Fund shares last traded at $14.0740, with a volume of 46,217 shares changing hands.

DoubleLine Opportunistic Credit Fund Stock Performance

The company has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.56.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 9.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DBL. Fifth Third Bancorp acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the 1st quarter worth $55,000. Ascentis Independent Advisors purchased a new stake in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter worth about $108,000. XTX Topco Ltd acquired a new stake in DoubleLine Opportunistic Credit Fund in the 2nd quarter valued at about $156,000. Papamarkou Wellner Asset Management inc. acquired a new stake in DoubleLine Opportunistic Credit Fund in the 4th quarter valued at about $160,000. Finally, Maridea Wealth Management LLC purchased a new position in DoubleLine Opportunistic Credit Fund during the 1st quarter valued at about $177,000.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

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