DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Update

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 66,679 shares, an increase of 171.8% from the April 30th total of 24,528 shares. Based on an average daily volume of 57,458 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 22.7% in the 1st quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock worth $5,487,000 after acquiring an additional 69,621 shares during the period. Cetera Investment Advisers lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 51.6% in the 1st quarter. Cetera Investment Advisers now owns 25,950 shares of the investment management company’s stock worth $379,000 after acquiring an additional 8,837 shares during the period. Aviance Capital Partners LLC lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 6.2% in the 1st quarter. Aviance Capital Partners LLC now owns 95,072 shares of the investment management company’s stock worth $1,388,000 after acquiring an additional 5,523 shares during the period. Independent Financial Group LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter worth approximately $982,000. Finally, Journey Advisory Group LLC lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 1.1% in the 1st quarter. Journey Advisory Group LLC now owns 173,374 shares of the investment management company’s stock worth $2,531,000 after acquiring an additional 1,944 shares during the period.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE DBL traded up $0.05 on Friday, hitting $14.42. The stock had a trading volume of 26,914 shares, compared to its average volume of 73,453. DoubleLine Opportunistic Credit Fund has a one year low of $14.07 and a one year high of $16.01. The company’s 50-day moving average is $14.39 and its two-hundred day moving average is $14.88.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were given a $0.11 dividend. The ex-dividend date was Wednesday, May 13th. This represents a c) annualized dividend and a yield of 9.2%.

DoubleLine Opportunistic Credit Fund Company Profile

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.