DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Crosses Above 50-Day Moving Average of $15.05

Posted by Chris Copeland on Jun 29th, 2024

DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.05 and traded as high as $15.25. DoubleLine Opportunistic Credit Fund shares last traded at $15.23, with a volume of 67,356 shares traded.

DoubleLine Opportunistic Credit Fund Stock Up 0.9 %

The business has a 50 day moving average price of $15.07 and a 200-day moving average price of $15.18.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.59%. The ex-dividend date was Wednesday, June 12th.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DBL. SkyOak Wealth LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund during the 1st quarter valued at approximately $156,000. Avantax Advisory Services Inc. bought a new position in DoubleLine Opportunistic Credit Fund during the 4th quarter valued at $178,000. B. Riley Wealth Advisors Inc. acquired a new position in DoubleLine Opportunistic Credit Fund during the 1st quarter worth $187,000. Brogan Financial Inc. bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter worth about $212,000. Finally, ARS Wealth Advisors Group LLC acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 4th quarter valued at about $230,000.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.