DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

DoubleLine Opportunistic Credit Fund (NYSE:DBL) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.36 and traded as low as $14.26. DoubleLine Opportunistic Credit Fund shares last traded at $14.29, with a volume of 38,525 shares changing hands.

DoubleLine Opportunistic Credit Fund Trading Down 0.1%

The firm’s 50-day moving average price is $14.36 and its 200 day moving average price is $14.67.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.11 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in DoubleLine Opportunistic Credit Fund during the 1st quarter worth approximately $55,000. Ascentis Independent Advisors acquired a new stake in DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $108,000. XTX Topco Ltd acquired a new stake in DoubleLine Opportunistic Credit Fund in the second quarter valued at approximately $156,000. Papamarkou Wellner Asset Management inc. bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the fourth quarter valued at approximately $160,000. Finally, Maridea Wealth Management LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the first 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.