DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Update

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 219,355 shares, a drop of 21.5% from the January 15th total of 279,507 shares. Based on an average trading volume of 62,886 shares, the short-interest ratio is presently 3.5 days. Based on an average trading volume of 62,886 shares, the short-interest ratio is presently 3.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DBL. World Equity Group Inc. raised its holdings in DoubleLine Opportunistic Credit Fund by 7.2% during the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after purchasing an additional 750 shares in the last quarter. Shaker Financial Services LLC lifted its stake in DoubleLine Opportunistic Credit Fund by 13.2% during the third quarter. Shaker Financial Services LLC now owns 28,537 shares of the investment management company’s stock valued at $445,000 after purchasing an additional 3,318 shares during the last quarter. Berger Financial Group Inc acquired a new stake in shares of DoubleLine Opportunistic Credit Fund during the 3rd quarter valued at $1,643,000. U.S. Capital Wealth Advisors LLC boosted its stake in shares of DoubleLine Opportunistic Credit Fund by 23.8% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 58,774 shares of the investment management company’s stock worth $916,000 after acquiring an additional 11,311 shares in the last quarter. Finally, Gridiron Partners LLC raised its position in shares of DoubleLine Opportunistic Credit Fund by 5,475.8% during the third quarter. Gridiron Partners LLC now owns 2,231,257 shares of the investment management company’s stock worth $348,000 after purchasing an additional 2,191,240 shares during the period.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE:DBL traded up $0.01 during trading hours on Friday, hitting $15.12. The stock had a trading volume of 42,357 shares, compared to its average volume of 60,042. The stock’s fifty day simple moving average is $15.21 and its 200 day simple moving average is $15.37. DoubleLine Opportunistic Credit Fund has a 1-year low of $14.49 and a 1-year high of $16.01.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 18th will be given a $0.11 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Wednesday, February 18th.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company designed to seek high current income by investing across a broad spectrum of credit instruments. The fund pursues an opportunistic strategy, allocating capital to non-investment-grade debt obligations, leveraged loans, high-yield bonds, structured credit products and other credit-related securities. As part of its flexible mandate, the fund may employ derivatives and repurchase agreements to hedge risk, manage duration and enhance yield.