DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Short Interest Report for October

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 137,309 shares, an increase of 203.1% from the October 15th total of 45,298 shares. Based on an average daily volume of 146,765 shares, the short-interest ratio is presently 0.9 days.

DoubleLine Opportunistic Credit Fund Stock Up 0.4%

Shares of NYSE:DBL traded up $0.06 during trading on Friday, hitting $13.28. 54,818 shares of the company’s stock were exchanged, compared to its average volume of 80,438. The firm has a 50-day moving average price of $13.63 and a two-hundred day moving average price of $14.24. DoubleLine Opportunistic Credit Fund has a 1-year low of $12.94 and a 1-year high of $15.56.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.32 annualized dividend and a yield of 9.9%.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Several institutional investors have recently modified their holdings of the business. Gridiron Partners LLC lifted its stake in DoubleLine Opportunistic Credit Fund by 6.5% in the 3rd quarter. Gridiron Partners LLC now owns 369,129 shares of the investment management company’s stock valued at $5,002,000 after purchasing an additional 22,678 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in DoubleLine Opportunistic Credit Fund during the 2nd quarter worth approximately $37,000. Baird Financial Group Inc. increased its stake in shares of DoubleLine Opportunistic Credit Fund by 30.4% in the second quarter. Baird Financial Group Inc. now owns 25,750 shares of the investment management company’s stock valued at $370,000 after buying an additional 6,000 shares during the period. World Equity Group Inc. lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 49.5% in the second quarter. World Equity Group Inc. now owns 16,600 shares of the investment management company’s stock worth $239,000 after acquiring an additional 5,500 shares during the period. Finally, Pettinga Financial Advisors LLC acquired a new stake in DoubleLine Opportunistic Credit Fund during the second quarter worth approximately $296,000.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities. The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S. and international companies, governments, and financial institutions, with the flexibility to pursue opportunities across different sectors, credit qualities, and maturities.