DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 55.8% in June

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 53,134 shares, a decline 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.

DoubleLine Opportunistic Credit Fund Stock Down 0.2%

Shares of DBL traded down $0.03 during mid-day trading on Thursday, hitting $14.10. The company’s stock had a trading volume of 33,832 shares, compared to its average volume of 71,206. DoubleLine Opportunistic Credit Fund has a one year low of $14.07 and a one year high of $16.01. The stock’s 50-day moving average is $14.35 and its two-hundred day moving average is $14.65.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DBL. Fifth Third Bancorp bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at about $55,000. Ascentis Independent Advisors bought a new position in DoubleLine Opportunistic Credit Fund during the first quarter valued at about $108,000. XTX Topco Ltd bought a new position in DoubleLine Opportunistic Credit Fund during the second quarter valued at about $156,000. Papamarkou Wellner Asset Management inc. acquired a new position in DoubleLine Opportunistic Credit Fund in the 4th quarter valued at approximately $160,000. Finally, Maridea Wealth Management LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the 1st quarter valued at approximately $177,000.

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.