DoubleLine Opportunistic Credit Fund (NYSE:DBL) Sees Significant Decline in Short Interest

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 219,355 shares, a decline of 21.5% from the January 15th total of 279,507 shares. Based on an average daily volume of 62,886 shares, the short-interest ratio is currently 3.5 days. Based on an average daily volume of 62,886 shares, the short-interest ratio is currently 3.5 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of DoubleLine Opportunistic Credit Fund by 22.2% during the 1st quarter. Royal Bank of Canada now owns 223,083 shares of the investment management company’s stock worth $3,486,000 after buying an additional 40,495 shares in the last quarter. Ignite Planners LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 25.2% during the second quarter. Ignite Planners LLC now owns 105,511 shares of the investment management company’s stock valued at $1,596,000 after acquiring an additional 21,263 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in DoubleLine Opportunistic Credit Fund by 235.3% during the second quarter. Stratos Wealth Advisors LLC now owns 117,227 shares of the investment management company’s stock worth $1,803,000 after acquiring an additional 82,264 shares during the period. International Assets Investment Management LLC boosted its position in DoubleLine Opportunistic Credit Fund by 1.4% in the second quarter. International Assets Investment Management LLC now owns 140,546 shares of the investment management company’s stock worth $2,162,000 after purchasing an additional 1,981 shares during the last quarter. Finally, Journey Advisory Group LLC boosted its position in DoubleLine Opportunistic Credit Fund by 0.4% in the second quarter. Journey Advisory Group LLC now owns 169,914 shares of the investment management company’s stock worth $2,613,000 after purchasing an additional 754 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Stock Up 0.1%

Shares of NYSE:DBL traded up $0.01 during mid-day trading on Monday, hitting $15.12. 42,357 shares of the company traded hands, compared to its average volume of 60,042. The stock has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $15.37. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.49 and a 12-month high of $16.01.

DoubleLine Opportunistic Credit Fund Announces Dividend

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

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.