DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 21,600 shares, an increase of 222.4% from the April 30th total of 6,700 shares. Based on an average daily trading volume, of 43,000 shares, the days-to-cover ratio is currently 0.5 days.
DoubleLine Opportunistic Credit Fund Stock Performance
Shares of DBL stock traded up $0.07 on Friday, hitting $14.63. The company had a trading volume of 50,610 shares, compared to its average volume of 49,703. The company has a 50-day moving average price of $14.39 and a 200-day moving average price of $14.74. DoubleLine Opportunistic Credit Fund has a twelve month low of $13.83 and a twelve month high of $16.45.
DoubleLine Opportunistic Credit Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Thursday, May 11th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.32 annualized dividend and a dividend yield of 9.02%.
Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund
DoubleLine Opportunistic Credit Fund Company Profile
Doubleline Opportunistic Credit Fund operates as a closed-end investment fund or investment trust. The firm invests in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, the United States Government securities, corporate debt, international sovereign debt, and short-term investments.
- Get a free copy of the StockNews.com research report on DoubleLine Opportunistic Credit Fund (DBL)
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