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 March. As of March 13th, there was short interest totaling 99,749 shares, a drop of 26.9% from the February 26th total of 136,385 shares. Based on an average daily volume of 104,746 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Catawba River Capital grew its position in DoubleLine Opportunistic Credit Fund by 6.0% during the third quarter. Catawba River Capital now owns 247,310 shares of the investment management company’s stock worth $3,853,000 after buying an additional 13,920 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in DoubleLine Opportunistic Credit Fund by 114.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 251,623 shares of the investment management company’s stock worth $3,920,000 after acquiring an additional 134,396 shares during the last quarter. Blackhawk Capital Partners LLC purchased a new stake in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter valued at about $163,000. Aviance Capital Partners LLC raised its holdings in shares of DoubleLine Opportunistic Credit Fund by 1.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 90,219 shares of the investment management company’s stock valued at $1,406,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of DoubleLine Opportunistic Credit Fund by 2.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 511,911 shares of the investment management company’s stock valued at $7,976,000 after acquiring an additional 11,769 shares during the last quarter.

DoubleLine Opportunistic Credit Fund Trading Down 0.1%

Shares of DBL traded down $0.02 during midday trading on Friday, hitting $14.24. 211,476 shares of the company traded hands, compared to its average volume of 71,298. The stock has a 50-day moving average of $14.87 and a 200-day moving average of $15.22. DoubleLine Opportunistic Credit Fund has a one year low of $14.07 and a one year high of $16.01.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) annualized dividend and a yield of 9.3%.

About DoubleLine Opportunistic Credit Fund

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.