DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 17.2% in December

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 325,933 shares, a decline of 17.2% from the December 15th total of 393,693 shares. Based on an average trading volume of 64,447 shares, the short-interest ratio is currently 5.1 days. Based on an average trading volume of 64,447 shares, the short-interest ratio is currently 5.1 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

Several hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in DoubleLine Opportunistic Credit Fund in the 2nd quarter valued at $44,000. Total Investment Management Inc. purchased a new position in shares of DoubleLine Opportunistic Credit Fund during the second quarter valued at about $65,000. XTX Topco Ltd bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the second quarter worth about $156,000. Blackhawk Capital Partners LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the third quarter worth about $163,000. Finally, World Equity Group Inc. lifted its position in shares of DoubleLine Opportunistic Credit Fund by 7.2% in the third quarter. World Equity Group Inc. now owns 11,100 shares of the investment management company’s stock worth $173,000 after buying an additional 750 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Trading Down 0.4%

NYSE:DBL opened at $15.11 on Wednesday. The stock has a 50-day moving average price of $15.29 and a 200 day moving average price of $15.38. DoubleLine Opportunistic Credit Fund has a 12-month low of $14.49 and a 12-month high of $16.01.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, January 14th.

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.