DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Short Interest Falls 48.7%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 45,298 shares, a decline of 48.7% from the September 30th total of 88,298 shares. Based on an average daily volume of 169,072 shares, the short-interest ratio is currently 0.3 days.

DoubleLine Opportunistic Credit Fund Stock Performance

DBL traded down $0.02 on Friday, reaching $13.58. The company had a trading volume of 130,081 shares, compared to its average volume of 78,820. The company has a fifty day moving average of $13.75 and a 200-day moving average of $14.32. DoubleLine Opportunistic Credit Fund has a one year low of $12.94 and a one year high of $15.57.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were issued a $0.11 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $1.32 annualized dividend and a dividend yield of 9.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aviance Capital Partners LLC grew its stake in shares of DoubleLine Opportunistic Credit Fund by 10.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 123,106 shares of the investment management company’s stock worth $1,668,000 after purchasing an additional 11,809 shares during the last quarter. Park Avenue Securities LLC grew its position in DoubleLine Opportunistic Credit Fund by 17.5% in the third quarter. Park Avenue Securities LLC now owns 71,196 shares of the investment management company’s stock worth $965,000 after buying an additional 10,589 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter worth $203,000. Evergreen Capital Management LLC raised its position in shares of DoubleLine Opportunistic Credit Fund by 34.3% during the third quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock worth $10,204,000 after purchasing an additional 192,378 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.3% during the third quarter. Avior Wealth Management LLC now owns 604,096 shares of the investment management company’s stock valued at $8,185,000 after purchasing an additional 7,809 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities.

The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S.