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 in the month of July. As of July 15th, there was short interest totalling 54,800 shares, a growth of 142.5% from the June 30th total of 22,600 shares. Based on an average daily volume of 42,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several large investors have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC increased its position in DoubleLine Opportunistic Credit Fund by 1.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 42,294 shares of the investment management company’s stock valued at $650,000 after acquiring an additional 700 shares during the period. Herr Investment Group LLC increased its position in DoubleLine Opportunistic Credit Fund by 0.3% in the 1st quarter. Herr Investment Group LLC now owns 404,284 shares of the investment management company’s stock valued at $6,234,000 after acquiring an additional 1,300 shares during the period. Comerica Bank increased its position 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 acquiring an additional 3,710 shares during the period. SkyOak Wealth LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the first quarter worth $156,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the fourth quarter worth $178,000.

DoubleLine Opportunistic Credit Fund Stock Up 0.3 %

Shares of DoubleLine Opportunistic Credit Fund stock traded up $0.05 on Friday, reaching $15.57. 25,235 shares of the company were exchanged, compared to its average volume of 51,451. The company’s 50-day moving average is $15.25 and its two-hundred day moving average is $15.20. DoubleLine Opportunistic Credit Fund has a 1-year low of $13.75 and a 1-year high of $15.81.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date is Wednesday, July 17th.

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.