DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 37.9% in October

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 60,200 shares, a decline of 37.9% from the October 15th total of 97,000 shares. Based on an average daily volume of 65,400 shares, the days-to-cover ratio is currently 0.9 days.

DoubleLine Opportunistic Credit Fund Stock Performance

DBL stock opened at $15.26 on Friday. The company’s 50 day moving average is $15.65 and its 200 day moving average is $15.48. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.24 and a 1-year high of $16.25.

DoubleLine Opportunistic Credit Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Wednesday, November 13th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Matrix Trust Co purchased a new stake in DoubleLine Opportunistic Credit Fund in the third quarter worth approximately $68,000. EverSource Wealth Advisors LLC purchased a new stake in shares of DoubleLine Opportunistic Credit Fund in the 2nd quarter valued at $145,000. Truist Financial Corp grew its holdings in shares of DoubleLine Opportunistic Credit Fund by 5.9% during the 2nd quarter. Truist Financial Corp now owns 11,626 shares of the investment management company’s stock valued at $179,000 after purchasing an additional 650 shares during the last quarter. Kavar Capital Partners Group LLC purchased a new position in DoubleLine Opportunistic Credit Fund in the 3rd quarter worth $181,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in DoubleLine Opportunistic Credit Fund in the first quarter worth $187,000.

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.