DoubleLine Opportunistic Credit Fund (NYSE:DBL) Short Interest Down 5.1% in November

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 57,100 shares, a decrease of 5.1% from the October 31st total of 60,200 shares. Based on an average daily trading volume, of 69,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On DoubleLine Opportunistic Credit Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Matrix Trust Co bought a new stake in DoubleLine Opportunistic Credit Fund during the 3rd quarter valued at about $68,000. EverSource Wealth Advisors LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the second quarter valued at about $145,000. Truist Financial Corp increased its holdings in 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 purchasing an additional 650 shares during the period. Kavar Capital Partners Group LLC acquired a new position in DoubleLine Opportunistic Credit Fund in the third quarter valued at $181,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of DoubleLine Opportunistic Credit Fund in the 1st quarter worth $187,000.

DoubleLine Opportunistic Credit Fund Price Performance

DBL stock opened at $15.47 on Tuesday. 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 $15.51 and its 200-day moving average is $15.51.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th were issued a $0.11 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.32 annualized dividend and a yield of 8.53%.

About DoubleLine Opportunistic Credit Fund

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.