DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Crosses Below 200-Day Moving Average – What’s Next?

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet 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

A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $55,000. Ascentis Independent Advisors purchased a new position in DoubleLine Opportunistic Credit Fund in the 1st quarter valued at about $108,000. XTX Topco Ltd acquired a new stake in shares of DoubleLine Opportunistic Credit Fund during the second quarter valued at about $156,000. Papamarkou Wellner Asset Management inc. purchased a new stake in shares of DoubleLine Opportunistic Credit Fund during the fourth quarter worth about $160,000. Finally, Maridea Wealth Management LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the first quarter worth about $177,000.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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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