DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 129,138 shares, an increase of 94.9% from the August 31st total of 66,254 shares. Based on an average trading volume of 71,750 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Trading of DoubleLine Opportunistic Credit Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its holdings in DoubleLine Opportunistic Credit Fund by 2.0% in the fourth quarter. Sit Investment Associates Inc. now owns 3,469,728 shares of the investment management company’s stock valued at $52,913,000 after acquiring an additional 68,213 shares during the last quarter. Avior Wealth Management LLC increased its stake in DoubleLine Opportunistic Credit Fund by 3.9% during the second 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. Royal Bank of Canada raised its position in DoubleLine Opportunistic Credit Fund by 22.7% in the first quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock valued at $5,487,000 after purchasing an additional 69,621 shares during the period. Intellectus Partners LLC raised its position in DoubleLine Opportunistic Credit Fund by 2.0% in the fourth quarter. Intellectus Partners LLC now owns 290,261 shares of the investment management company’s stock valued at $4,426,000 after purchasing an additional 5,656 shares during the period. Finally, Absolute Investment Advisers LLC purchased a new stake in DoubleLine Opportunistic Credit Fund in the first quarter valued at $2,820,000.
DoubleLine Opportunistic Credit Fund Price Performance
Shares of DBL opened at $13.56 on Thursday. DoubleLine Opportunistic Credit Fund has a 12-month low of $13.41 and a 12-month high of $15.79. The firm has a 50-day moving average price of $14.03 and a 200 day moving average price of $14.25.
DoubleLine Opportunistic Credit Fund Dividend Announcement
DoubleLine Opportunistic Credit Fund Company Profile
DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through an actively managed portfolio of credit and fixed-income investments.
DBL invests across a range of opportunistic credit markets, including corporate debt, below-investment-grade and unrated securities, mortgage-related investments, bank loans, structured credit and other fixed-income instruments.
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