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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 99,749 shares, a drop of 26.9% from the February 26th total of 136,385 shares. Based on an average trading volume of 104,746 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Large investors have recently added to or reduced their stakes in the business. Intellectus Partners LLC boosted its position in DoubleLine Opportunistic Credit Fund by 1.2% during the third quarter. Intellectus Partners LLC now owns 284,605 shares of the investment management company’s stock valued at $4,434,000 after buying an additional 3,322 shares during the period. Consolidated Portfolio Review Corp increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 73.2% in the third quarter. Consolidated Portfolio Review Corp now owns 150,666 shares of the investment management company’s stock worth $2,347,000 after buying an additional 63,663 shares during the period. Verus Capital Partners LLC increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 3.8% in the third quarter. Verus Capital Partners LLC now owns 33,211 shares of the investment management company’s stock worth $517,000 after buying an additional 1,223 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 114.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 251,623 shares of the investment management company’s stock valued at $3,920,000 after acquiring an additional 134,396 shares during the last quarter. Finally, Blackhawk Capital Partners LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter valued at about $163,000.

DoubleLine Opportunistic Credit Fund Trading Down 0.2%

Shares of DBL stock traded down $0.03 during trading hours on Monday, hitting $14.21. 69,941 shares of the company’s stock were exchanged, compared to its average volume of 71,274. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.07 and a 12-month high of $16.01. The business’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $15.20.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued 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 dividend yield of 9.3%.

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.