DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Short Interest Climbs 94.9%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant increase in short interest in 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 daily volume of 71,750 shares, the short-interest ratio is currently 1.8 days.

DoubleLine Opportunistic Credit Fund Price Performance

DBL traded up $0.01 on Wednesday, reaching $13.56. The stock had a trading volume of 56,093 shares, compared to its average volume of 69,521. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $13.41 and a fifty-two week high of $15.79. The firm has a 50-day moving average of $14.04 and a 200-day moving average of $14.25.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Wednesday, September 16th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in DoubleLine Opportunistic Credit Fund during the second quarter worth $37,000. Fifth Third Bancorp acquired a new position in shares of DoubleLine Opportunistic Credit Fund during the first quarter valued at about $55,000. Ascentis Independent Advisors bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth about $108,000. Maridea Wealth Management LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth about $177,000. Finally, Integrated Capital Management Inc. acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 2nd quarter worth about $186,000.

About DoubleLine Opportunistic Credit Fund

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.