DoubleLine Opportunistic Credit Fund (NYSE:DBL) Share Price Passes Above Fifty Day Moving Average of $15.05

Posted by Defense World Staff on Jun 28th, 2024

DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.05 and traded as high as $15.25. DoubleLine Opportunistic Credit Fund shares last traded at $15.23, with a volume of 67,356 shares.

DoubleLine Opportunistic Credit Fund Trading Up 0.8 %

The company has a fifty day moving average of $15.05 and a two-hundred day moving average of $15.18.

DoubleLine Opportunistic Credit Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Wednesday, June 12th.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds have recently modified their holdings of the stock. SkyOak Wealth LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth $156,000. Avantax Advisory Services Inc. acquired a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter valued at $178,000. B. Riley Wealth Advisors Inc. acquired a new stake in DoubleLine Opportunistic Credit Fund in the first quarter valued at $187,000. Brogan Financial Inc. acquired a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter valued at $212,000. Finally, ARS Wealth Advisors Group LLC acquired a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter valued at $230,000.

About DoubleLine Opportunistic Credit Fund

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DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.