DoubleLine Opportunistic Credit Fund (NYSE:DBL – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.61 and traded as low as $14.03. DoubleLine Opportunistic Credit Fund shares last traded at $14.0350, with a volume of 72,607 shares trading hands.
DoubleLine Opportunistic Credit Fund Price Performance
The company’s 50-day moving average price is $14.31 and its two-hundred day moving average price is $14.61.
DoubleLine Opportunistic Credit Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.4%.
Institutional Inflows and Outflows
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.
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