Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Declines By 37.9%

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

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE DBL opened at $15.26 on Friday. The stock has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $15.48. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.24 and a 1-year high of $16.25.

DoubleLine Opportunistic Credit Fund Dividend Announcement

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

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in DoubleLine Opportunistic Credit Fund by 5.9% during the second quarter. Truist Financial Corp now owns 11,626 shares of the investment management company’s stock valued at $179,000 after acquiring an additional 650 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 1.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 42,294 shares of the investment management company’s stock valued at $650,000 after purchasing an additional 700 shares during the period. Ignite Planners LLC grew its position in shares of DoubleLine Opportunistic Credit Fund by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 82,002 shares of the investment management company’s stock valued at $1,297,000 after purchasing an additional 1,249 shares in the last quarter. Herr Investment Group LLC grew its position in shares of DoubleLine Opportunistic Credit Fund by 0.3% during the 1st quarter. Herr Investment Group LLC now owns 404,284 shares of the investment management company’s stock valued at $6,234,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 188,804 shares of the investment management company’s stock worth $2,987,000 after purchasing an additional 1,400 shares during the period.

About DoubleLine Opportunistic Credit Fund

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.