DoubleLine Opportunistic Credit Fund (NYSE:DBL) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

DoubleLine Opportunistic Credit Fund (NYSE:DBLGet 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

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in DoubleLine Opportunistic Credit Fund during the first quarter worth approximately $55,000. Ascentis Independent Advisors acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the first quarter valued at approximately $108,000. XTX Topco Ltd acquired a new position in shares of DoubleLine Opportunistic Credit Fund in the second quarter valued at approximately $156,000. Papamarkou Wellner Asset Management inc. bought a new position in shares of DoubleLine Opportunistic Credit Fund during the fourth quarter worth approximately $160,000. Finally, Maridea Wealth Management LLC bought a new position in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth approximately $177,000.

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

Further Reading

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