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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 265,800 shares, a decline of 6.2% from the January 15th total of 283,500 shares. Based on an average daily volume of 60,500 shares, the short-interest ratio is currently 4.4 days.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Institutional investors have recently bought and sold shares of the company. Morse Asset Management Inc raised its stake in shares of DoubleLine Opportunistic Credit Fund by 150.9% during the 4th quarter. Morse Asset Management Inc now owns 1,882 shares of the investment management company’s stock worth $29,000 after purchasing an additional 1,132 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter valued at approximately $31,000. Huntington National Bank bought a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter worth approximately $32,000. Golden State Wealth Management LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the 4th quarter worth $62,000. Finally, Transform Wealth LLC bought a new position in shares of DoubleLine Opportunistic Credit Fund during the 4th quarter valued at $167,000.

DoubleLine Opportunistic Credit Fund Stock Down 0.8 %

Shares of DBL opened at $15.65 on Thursday. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.49 and a 52 week high of $16.25. The company’s 50 day moving average price is $15.61 and its 200 day moving average price is $15.64.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date of this dividend is Wednesday, February 19th.

DoubleLine Opportunistic Credit Fund Company Profile

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.