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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.95 and traded as low as $14.21. DoubleLine Opportunistic Credit Fund shares last traded at $14.2420, with a volume of 53,752 shares.

DoubleLine Opportunistic Credit Fund Stock Down 0.3%

The stock’s fifty day moving average price is $14.44 and its two-hundred day moving average price is $14.95.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Wednesday, May 13th.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in DoubleLine Opportunistic Credit Fund during the 1st quarter valued at $55,000. Ascentis Independent Advisors bought a new stake in DoubleLine Opportunistic Credit Fund during the 1st quarter valued at $108,000. XTX Topco Ltd bought a new stake in DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at $156,000. Blackhawk Capital Partners LLC purchased a new position in DoubleLine Opportunistic Credit Fund during the 3rd quarter valued at $163,000. Finally, Papamarkou Wellner Asset Management inc. purchased a new position in DoubleLine Opportunistic Credit Fund during the 4th quarter valued at $160,000.

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.