DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 39.5% in February

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 132,622 shares, a decrease of 39.5% from the January 29th total of 219,355 shares. Based on an average daily volume of 71,296 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 71,296 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. World Equity Group Inc. raised its holdings in DoubleLine Opportunistic Credit Fund by 7.2% during the 3rd quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock valued at $173,000 after buying an additional 750 shares during the period. Kestra Advisory Services LLC boosted its stake in DoubleLine Opportunistic Credit Fund by 6.5% during the fourth quarter. Kestra Advisory Services LLC now owns 13,270 shares of the investment management company’s stock worth $202,000 after buying an additional 805 shares during the period. Ashton Thomas Private Wealth LLC increased its position in DoubleLine Opportunistic Credit Fund by 4.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,637 shares of the investment management company’s stock valued at $284,000 after acquiring an additional 818 shares during the last quarter. Strategic Wealth Partners Ltd. raised its stake in shares of DoubleLine Opportunistic Credit Fund by 1.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 88,316 shares of the investment management company’s stock valued at $1,376,000 after acquiring an additional 980 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 90,219 shares of the investment management company’s stock worth $1,406,000 after acquiring an additional 1,197 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Stock Down 0.2%

Shares of NYSE DBL traded down $0.03 during mid-day trading on Friday, hitting $14.95. 130,296 shares of the company’s stock traded hands, compared to its average volume of 58,274. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.49 and a 1 year high of $16.01. The company’s 50-day moving average is $15.15 and its two-hundred day moving average is $15.35.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

About DoubleLine Opportunistic Credit Fund

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.