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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large 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 short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 1,518.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,298,915 shares of the investment management company’s stock worth $36,369,000 after buying an additional 2,156,851 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 26.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 427,304 shares of the investment management company’s stock valued at $6,563,000 after acquiring an additional 89,314 shares during the period. Twelve Points Wealth Management LLC lifted its position in DoubleLine Opportunistic Credit Fund by 14.9% during the third quarter. Twelve Points Wealth Management LLC now owns 292,701 shares of the investment management company’s stock worth $4,631,000 after acquiring an additional 37,986 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of DoubleLine Opportunistic Credit Fund by 29.6% during the third quarter. Intellectus Partners LLC now owns 235,971 shares of the investment management company’s stock worth $3,733,000 after acquiring an additional 53,959 shares during the period. Finally, Janney Montgomery Scott LLC grew its position 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 valued at $2,987,000 after purchasing an additional 1,400 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Price Performance

NYSE DBL traded up $0.02 during trading on Friday, reaching $15.60. 6,166 shares of the company’s stock were exchanged, compared to its average volume of 71,121. The business has a 50 day moving average price of $15.50 and a 200-day moving average price of $15.61. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.49 and a fifty-two week high of $16.25.

DoubleLine Opportunistic Credit Fund Dividend Announcement

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

DoubleLine Opportunistic Credit Fund Company Profile

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.