DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Short Interest Report for October

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 137,309 shares, a growth of 203.1% from the October 15th total of 45,298 shares. Based on an average daily trading volume, of 146,765 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 34.3% during the third quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock worth $10,204,000 after purchasing an additional 192,378 shares in the last quarter. Royal Bank of Canada grew its stake in shares of DoubleLine Opportunistic Credit Fund by 22.7% in the 1st quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock valued at $5,487,000 after buying an additional 69,621 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at $982,000. Gridiron Partners LLC boosted its position in DoubleLine Opportunistic Credit Fund by 6.5% during the third quarter. Gridiron Partners LLC now owns 369,129 shares of the investment management company’s stock worth $5,002,000 after purchasing an additional 22,678 shares during the period. Finally, Avior Wealth Management LLC lifted its position in DoubleLine Opportunistic Credit Fund by 3.9% during the 2nd quarter. Avior Wealth Management LLC now owns 596,287 shares of the investment management company’s stock worth $8,575,000 after acquiring an additional 22,321 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Stock Performance

NYSE:DBL traded up $0.06 on Friday, reaching $13.28. The stock had a trading volume of 54,818 shares, compared to its average volume of 80,438. The company has a 50-day moving average of $13.63 and a 200 day moving average of $14.24. DoubleLine Opportunistic Credit Fund has a 12-month low of $12.94 and a 12-month high of $15.56.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.32 annualized dividend and a yield of 9.9%.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities. The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S. and international companies, governments, and financial institutions, with the flexibility to pursue opportunities across different sectors, credit qualities, and maturities.