DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.47 and traded as low as $14.18. DoubleLine Opportunistic Credit Fund shares last traded at $14.1950, with a volume of 36,732 shares trading hands.
DoubleLine Opportunistic Credit Fund Price Performance
The firm has a 50-day moving average of $14.23 and a two-hundred day moving average of $14.46.
DoubleLine Opportunistic Credit Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Wednesday, August 19th.
Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund
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.
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