DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

DoubleLine Opportunistic Credit Fund (NYSE:DBL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.95 and traded as low as $14.21. DoubleLine Opportunistic Credit Fund shares last traded at $14.2420, with a volume of 53,752 shares traded.

DoubleLine Opportunistic Credit Fund Stock Performance

The company’s 50-day moving average is $14.44 and its 200 day moving average is $14.95.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be given a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, May 13th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several institutional investors have recently bought and sold shares of DBL. Royal Bank of Canada grew its position in DoubleLine Opportunistic Credit Fund by 22.2% during the 1st quarter. Royal Bank of Canada now owns 223,083 shares of the investment management company’s stock valued at $3,486,000 after purchasing an additional 40,495 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at about $156,000. Bank of America Corp DE boosted its holdings in shares of DoubleLine Opportunistic Credit Fund by 8.9% during the 2nd quarter. Bank of America Corp DE now owns 235,865 shares of the investment management company’s stock valued at $3,628,000 after acquiring an additional 19,246 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of DoubleLine Opportunistic Credit Fund during the 2nd quarter valued at about $439,000. Finally, Evergreen Capital Management LLC boosted its holdings in shares of DoubleLine Opportunistic Credit Fund by 8.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 500,142 shares of the investment management company’s stock valued at $7,692,000 after acquiring an additional 37,678 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

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.