DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 34.1% in May

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 43,970 shares, a decline of 34.1% from the May 14th total of 66,679 shares. Based on an average daily volume of 37,653 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

A number of large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its position in shares of DoubleLine Opportunistic Credit Fund by 2.0% in the 4th quarter. Sit Investment Associates Inc. now owns 3,469,728 shares of the investment management company’s stock worth $52,913,000 after buying an additional 68,213 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of DoubleLine Opportunistic Credit Fund by 3.0% in the 4th quarter. Evergreen Capital Management LLC now owns 527,230 shares of the investment management company’s stock worth $8,040,000 after buying an additional 15,319 shares during the last quarter. Bank of America Corp DE grew its position in shares of DoubleLine Opportunistic Credit Fund by 86.3% in the 3rd quarter. Bank of America Corp DE now owns 439,401 shares of the investment management company’s stock worth $6,846,000 after buying an additional 203,536 shares during the last quarter. Royal Bank of Canada grew its position in shares of DoubleLine Opportunistic Credit Fund by 22.7% in the 1st quarter. Royal Bank of Canada now owns 375,823 shares of the investment management company’s stock worth $5,487,000 after buying an additional 69,621 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of DoubleLine Opportunistic Credit Fund by 6.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 294,470 shares of the investment management company’s stock worth $4,587,000 after buying an additional 18,295 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Stock Up 0.4%

Shares of DoubleLine Opportunistic Credit Fund stock opened at $14.50 on Tuesday. The business’s 50 day simple moving average is $14.39 and its two-hundred day simple moving average is $14.80. DoubleLine Opportunistic Credit Fund has a one year low of $14.07 and a one year high of $16.01.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be given a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Wednesday, June 17th.

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.