DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 17.2% in December

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 325,933 shares, a decline of 17.2% from the December 15th total of 393,693 shares. Based on an average daily volume of 64,447 shares, the days-to-cover ratio is currently 5.1 days. Based on an average daily volume of 64,447 shares, the days-to-cover ratio is currently 5.1 days.

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock opened at $15.17 on Monday. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $15.38. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.49 and a fifty-two week high of $16.01.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of large investors have recently modified their holdings of DBL. Ameritas Advisory Services LLC purchased a new stake in DoubleLine Opportunistic Credit Fund during the second quarter valued at about $44,000. Total Investment Management Inc. bought a new stake in DoubleLine Opportunistic Credit Fund in the 2nd quarter worth $65,000. XTX Topco Ltd bought a new position in DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at approximately $156,000. Blackhawk Capital Partners LLC bought a new stake in DoubleLine Opportunistic Credit Fund in the third quarter valued at $163,000. Finally, World Equity Group Inc. raised its stake in DoubleLine Opportunistic Credit Fund by 7.2% in the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after buying an additional 750 shares in the last quarter.

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.