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 during 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 trading volume of 42,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 1,342.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,013,392 shares of the investment management company’s stock worth $15,556,000 after purchasing an additional 943,149 shares during the last quarter. UBS Group AG increased its position in shares of DoubleLine Opportunistic Credit Fund by 346.3% during the 4th quarter. UBS Group AG now owns 541,624 shares of the investment management company’s stock worth $8,314,000 after purchasing an additional 420,277 shares during the last quarter. Herr Investment Group LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 0.3% during the 1st quarter. Herr Investment Group LLC now owns 404,284 shares of the investment management company’s stock worth $6,234,000 after purchasing an additional 1,300 shares during the last quarter. Twelve Points Wealth Management LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 16.3% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 254,715 shares of the investment management company’s stock worth $3,912,000 after purchasing an additional 35,748 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 1,507.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 163,818 shares of the investment management company’s stock worth $2,526,000 after purchasing an additional 153,625 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Stock Up 0.3 %

Shares of DBL traded up $0.05 during midday trading on Friday, reaching $15.57. The company had a trading volume of 25,235 shares, compared to its average volume of 51,451. DoubleLine Opportunistic Credit Fund has a 1-year low of $13.75 and a 1-year high of $15.81. The firm has a 50 day simple moving average of $15.25 and a 200-day simple moving average of $15.20.

DoubleLine Opportunistic Credit Fund Announces Dividend

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