Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Declines By 55.8%

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 53,134 shares, a drop of 55.8% from the June 15th total of 120,297 shares. Based on an average daily trading volume, of 79,640 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in DoubleLine Opportunistic Credit Fund in the first quarter worth approximately $55,000. Ascentis Independent Advisors bought a new position in shares of DoubleLine Opportunistic Credit Fund during the 1st quarter valued at $108,000. XTX Topco Ltd bought a new position in shares of DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at $156,000. Papamarkou Wellner Asset Management inc. acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter valued at $160,000. Finally, Maridea Wealth Management LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter valued at $177,000.

DoubleLine Opportunistic Credit Fund Stock Performance

NYSE DBL traded up $0.01 on Tuesday, reaching $14.26. The stock had a trading volume of 13,924 shares, compared to its average volume of 71,516. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.07 and a 1 year high of $16.01. The business has a 50 day moving average price of $14.36 and a 200 day moving average price of $14.66.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Wednesday, July 15th.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

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