DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Update

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 154,000 shares, a growth of 69.2% from the December 15th total of 91,000 shares. Based on an average daily volume of 67,200 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several large investors have recently added to or reduced their stakes in DBL. EverSource Wealth Advisors LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the 2nd quarter worth approximately $145,000. Evergreen Capital Management LLC boosted its stake in DoubleLine Opportunistic Credit Fund by 26.4% during the second quarter. Evergreen Capital Management LLC now owns 427,304 shares of the investment management company’s stock worth $6,563,000 after buying an additional 89,314 shares during the period. Truist Financial Corp increased its position 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 during the last quarter. Ignite Planners LLC raised its stake in shares of DoubleLine Opportunistic Credit Fund by 1.5% in the third quarter. Ignite Planners LLC now owns 82,002 shares of the investment management company’s stock valued at $1,297,000 after acquiring an additional 1,249 shares during the period. Finally, Matrix Trust Co bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter worth about $68,000.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of NYSE:DBL traded up $0.02 on Friday, reaching $15.60. The company’s stock had a trading volume of 8,599 shares, compared to its average volume of 71,417. The company has a 50-day simple moving average of $15.50 and a 200 day simple moving average of $15.61. DoubleLine Opportunistic Credit Fund has a 52-week low of $14.49 and a 52-week high of $16.25.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.32 annualized dividend and a yield of 8.46%.

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.