DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Update

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 219,355 shares, a decrease of 21.5% from the January 15th total of 279,507 shares. Based on an average daily volume of 62,886 shares, the days-to-cover ratio is presently 3.5 days. Based on an average daily volume of 62,886 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. World Equity Group Inc. raised its holdings in shares of DoubleLine Opportunistic Credit Fund by 7.2% during the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after purchasing an additional 750 shares during the period. Journey Advisory Group LLC raised its stake in DoubleLine Opportunistic Credit Fund by 0.4% during the second quarter. Journey Advisory Group LLC now owns 169,914 shares of the investment management company’s stock worth $2,613,000 after acquiring an additional 754 shares during the period. Kestra Advisory Services LLC raised 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 acquiring an additional 805 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in DoubleLine Opportunistic Credit Fund by 4.6% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,637 shares of the investment management company’s stock worth $284,000 after acquiring an additional 818 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. boosted its stake in 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.

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock traded up $0.01 during midday trading on Friday, hitting $15.12. 42,357 shares of the stock were exchanged, compared to its average volume of 60,042. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.49 and a 1 year high of $16.01. The company has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $15.37.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 8.7%.

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.