DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of DoubleLine Opportunistic Credit Fund (NYSE:DBL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.56 and traded as low as $14.02. DoubleLine Opportunistic Credit Fund shares last traded at $14.0740, with a volume of 46,217 shares trading hands.

DoubleLine Opportunistic Credit Fund Stock Down 0.2%

The company’s 50 day moving average price is $14.28 and its two-hundred day moving average price is $14.55.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Wednesday, July 15th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the 1st quarter worth approximately $55,000. Ascentis Independent Advisors bought a new position in DoubleLine Opportunistic Credit Fund in the 1st quarter valued at $108,000. XTX Topco Ltd purchased a new stake in DoubleLine Opportunistic Credit Fund in the second quarter worth $156,000. Papamarkou Wellner Asset Management inc. purchased a new stake in DoubleLine Opportunistic Credit Fund in the fourth quarter worth $160,000. Finally, Maridea Wealth Management LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth $177,000.

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.