Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Grows By 24.1%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 142,600 shares, an increase of 24.1% from the August 31st total of 114,900 shares. Based on an average daily trading volume, of 49,000 shares, the days-to-cover ratio is presently 2.9 days.

DoubleLine Opportunistic Credit Fund Stock Up 0.5 %

Shares of DBL opened at $15.87 on Monday. The firm’s 50 day moving average price is $15.79 and its 200 day moving average price is $15.38. DoubleLine Opportunistic Credit Fund has a twelve month low of $13.75 and a twelve month high of $16.25.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.32%.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

A number of large investors have recently bought and sold shares of DBL. EverSource Wealth Advisors LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the second quarter worth $145,000. SkyOak Wealth LLC bought a new stake in DoubleLine Opportunistic Credit Fund in the 1st quarter valued at $156,000. Truist Financial Corp boosted its position in shares of DoubleLine Opportunistic Credit Fund by 5.9% during the 2nd 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. B. Riley Wealth Advisors Inc. acquired a new stake in DoubleLine Opportunistic Credit Fund during the first quarter valued at approximately $187,000. Finally, Comerica Bank boosted its stake in DoubleLine Opportunistic Credit Fund by 15.0% in the 1st quarter. Comerica Bank now owns 28,463 shares of the investment management company’s stock valued at $439,000 after buying an additional 3,710 shares in the last quarter.

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.