DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Short Interest Falls 48.7%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 45,298 shares, a decrease of 48.7% from the September 30th total of 88,298 shares. Based on an average daily volume of 169,072 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds have recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC increased its position in shares of DoubleLine Opportunistic Credit Fund by 10.6% in the third quarter. Aviance Capital Partners LLC now owns 123,106 shares of the investment management company’s stock worth $1,668,000 after purchasing an additional 11,809 shares during the period. Park Avenue Securities LLC lifted its position in DoubleLine Opportunistic Credit Fund by 17.5% during the third quarter. Park Avenue Securities LLC now owns 71,196 shares of the investment management company’s stock worth $965,000 after purchasing an additional 10,589 shares during the period. Sigma Planning Corp bought a new stake in DoubleLine Opportunistic Credit Fund during the third quarter worth about $203,000. Evergreen Capital Management LLC lifted its position in DoubleLine Opportunistic Credit Fund by 34.3% during the third quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock worth $10,204,000 after purchasing an additional 192,378 shares during the period. Finally, Avior Wealth Management LLC grew its stake in DoubleLine Opportunistic Credit Fund by 1.3% during the third quarter. Avior Wealth Management LLC now owns 604,096 shares of the investment management company’s stock worth $8,185,000 after buying an additional 7,809 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Stock Down 0.4%

Shares of DBL traded down $0.06 during mid-day trading on Monday, hitting $13.52. 357,559 shares of the company’s stock were exchanged, compared to its average volume of 80,147. DoubleLine Opportunistic Credit Fund has a 52 week low of $12.94 and a 52 week high of $15.57. The stock’s 50-day simple moving average is $13.74 and its 200-day simple moving average is $14.31.

DoubleLine Opportunistic Credit Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 9.8%.

DoubleLine Opportunistic Credit Fund Company Profile

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.