DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Up 186.1% in June

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 22,600 shares, an increase of 186.1% from the June 15th total of 7,900 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 1,507.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 163,818 shares of the investment management company’s stock valued at $2,526,000 after acquiring an additional 153,625 shares in the last quarter. SkyOak Wealth LLC acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at $156,000. International Assets Investment Management LLC lifted its position in DoubleLine Opportunistic Credit Fund by 55.5% in the first quarter. International Assets Investment Management LLC now owns 102,631 shares of the investment management company’s stock worth $1,575,000 after purchasing an additional 36,612 shares during the period. UBS Group AG boosted its stake in DoubleLine Opportunistic Credit Fund by 346.3% during the fourth quarter. UBS Group AG now owns 541,624 shares of the investment management company’s stock worth $8,314,000 after buying an additional 420,277 shares in the last quarter. Finally, Gridiron Partners LLC acquired a new stake in DoubleLine Opportunistic Credit Fund during the fourth quarter worth $2,481,000.

DoubleLine Opportunistic Credit Fund Stock Up 0.7 %

DBL stock traded up $0.11 during mid-day trading on Thursday, reaching $15.64. 49,685 shares of the stock traded hands, compared to its average volume of 52,937. The business has a 50-day moving average of $15.17 and a two-hundred day moving average of $15.19. DoubleLine Opportunistic Credit Fund has a 52 week low of $13.75 and a 52 week high of $15.79.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Wednesday, July 17th.

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.