DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 37.9% in October

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 60,200 shares, a drop of 37.9% from the October 15th total of 97,000 shares. Based on an average daily trading volume, of 65,400 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several large investors have recently added to or reduced their stakes in DBL. Matrix Trust Co bought a new position in DoubleLine Opportunistic Credit Fund in the third quarter worth about $68,000. EverSource Wealth Advisors LLC bought a new position in DoubleLine Opportunistic Credit Fund in the 2nd quarter worth $145,000. Truist Financial Corp increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 5.9% during the 2nd quarter. Truist Financial Corp now owns 11,626 shares of the investment management company’s stock worth $179,000 after purchasing an additional 650 shares during the period. Kavar Capital Partners Group LLC bought a new stake in DoubleLine Opportunistic Credit Fund in the third quarter valued at about $181,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in DoubleLine Opportunistic Credit Fund in the first quarter valued at about $187,000.

DoubleLine Opportunistic Credit Fund Price Performance

DoubleLine Opportunistic Credit Fund stock opened at $15.26 on Friday. The stock has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $15.48. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.24 and a fifty-two week high of $16.25.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Wednesday, November 13th.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.