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

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 154,000 shares, an increase 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.

DoubleLine Opportunistic Credit Fund Stock Performance

Shares of DBL stock opened at $15.58 on Friday. DoubleLine Opportunistic Credit Fund has a 52 week low of $14.49 and a 52 week high of $16.25. The company’s 50 day moving average price is $15.50 and its two-hundred day moving average price is $15.61.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.47%.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of DoubleLine Opportunistic Credit Fund by 1,518.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,298,915 shares of the investment management company’s stock valued at $36,369,000 after purchasing an additional 2,156,851 shares during the period. Evergreen Capital Management LLC raised its position 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 buying an additional 89,314 shares during the last quarter. Twelve Points Wealth Management LLC lifted its stake in DoubleLine Opportunistic Credit Fund by 14.9% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 292,701 shares of the investment management company’s stock valued at $4,631,000 after acquiring an additional 37,986 shares in the last quarter. Intellectus Partners LLC boosted its position in DoubleLine Opportunistic Credit Fund by 29.6% during the 3rd 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 last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of DoubleLine Opportunistic Credit Fund by 0.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 188,804 shares of the investment management company’s stock worth $2,987,000 after acquiring an additional 1,400 shares in the last quarter.

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.