Short Interest in DoubleLine Opportunistic Credit Fund (NYSE:DBL) Expands By 69.2%

DoubleLine Opportunistic Credit Fund (NYSE:DBL) was the target of a significant increase in short interest in 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 days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in DoubleLine Opportunistic Credit Fund by 22.1% in the third quarter. Rockefeller Capital Management L.P. now owns 25,338 shares of the investment management company’s stock valued at $401,000 after acquiring an additional 4,588 shares during the last quarter. Intellectus Partners LLC increased its position in DoubleLine Opportunistic Credit Fund by 29.6% during the 3rd quarter. Intellectus Partners LLC now owns 235,971 shares of the investment management company’s stock worth $3,733,000 after purchasing an additional 53,959 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in DoubleLine Opportunistic Credit Fund by 18.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 15,554 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 2,447 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in DoubleLine Opportunistic Credit Fund by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 188,804 shares of the investment management company’s stock valued at $2,987,000 after buying an additional 1,400 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of DoubleLine Opportunistic Credit Fund by 1,518.2% during the third quarter. International Assets Investment Management LLC now owns 2,298,915 shares of the investment management company’s stock worth $36,369,000 after buying an additional 2,156,851 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Price Performance

Shares of NYSE:DBL traded up $0.02 during midday trading on Friday, hitting $15.60. The stock had a trading volume of 6,166 shares, compared to its average volume of 71,121. The company’s 50-day moving average price is $15.50 and its 200-day moving average price is $15.61. DoubleLine Opportunistic Credit Fund has a fifty-two week low of $14.49 and a fifty-two week high of $16.25.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.32 annualized dividend and a dividend yield of 8.46%.

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.