DoubleLine Opportunistic Credit Fund (NYSE:DBL) Sees Large Increase in Short Interest

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 154,000 shares, an increase of 69.2% from the December 15th total of 91,000 shares. Based on an average trading volume of 67,200 shares, the short-interest ratio is presently 2.3 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new position in shares of DoubleLine Opportunistic Credit Fund in the 2nd quarter worth $145,000. Evergreen Capital Management LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 26.4% during the second quarter. Evergreen Capital Management LLC now owns 427,304 shares of the investment management company’s stock worth $6,563,000 after buying an additional 89,314 shares during the last quarter. Truist Financial Corp grew its position in shares of DoubleLine Opportunistic Credit Fund by 5.9% during the 2nd quarter. Truist Financial Corp now owns 11,626 shares of the investment management company’s stock worth $179,000 after buying an additional 650 shares during the period. Ignite Planners LLC increased its stake in shares of DoubleLine Opportunistic Credit Fund by 1.5% in the 3rd quarter. Ignite Planners LLC now owns 82,002 shares of the investment management company’s stock valued at $1,297,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter valued at about $68,000.

DoubleLine Opportunistic Credit Fund Stock Performance

DoubleLine Opportunistic Credit Fund stock opened at $15.58 on Friday. DoubleLine Opportunistic Credit Fund has a 1 year low of $14.49 and a 1 year high of $16.25. The company’s 50-day moving average is $15.50 and its two-hundred day moving average is $15.61.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.32 annualized dividend and a yield of 8.47%.

DoubleLine Opportunistic Credit Fund Company Profile

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.