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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 265,800 shares, a decrease of 6.2% from the January 15th total of 283,500 shares. Based on an average trading volume of 60,500 shares, the days-to-cover ratio is currently 4.4 days.

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock opened at $15.76 on Wednesday. The stock has a 50-day moving average price of $15.61 and a 200 day moving average price of $15.64. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.49 and a 52 week high of $16.25.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.38%.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund during the 4th quarter worth $31,000. Strategic Wealth Partners Ltd. boosted its stake in DoubleLine Opportunistic Credit Fund by 0.8% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 87,336 shares of the investment management company’s stock worth $1,370,000 after buying an additional 700 shares during the last quarter. Morse Asset Management Inc grew its holdings in DoubleLine Opportunistic Credit Fund by 150.9% in the 4th quarter. Morse Asset Management Inc now owns 1,882 shares of the investment management company’s stock valued at $29,000 after buying an additional 1,132 shares during the period. Bank of America Corp DE increased its stake in shares of DoubleLine Opportunistic Credit Fund by 6.2% during the 4th quarter. Bank of America Corp DE now owns 176,095 shares of the investment management company’s stock valued at $2,729,000 after acquiring an additional 10,350 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of DoubleLine Opportunistic Credit Fund during the 4th quarter worth about $226,000.

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.