DoubleLine Opportunistic Credit Fund (NYSE:DBL) Shares Shorted: Short Interest Down 48.7% in October

DoubleLine Opportunistic Credit Fund (NYSE:DBL) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 45,298 shares, a drop of 48.7% from the September 30th total of 88,298 shares. Based on an average daily volume of 169,072 shares, the days-to-cover ratio is currently 0.3 days.

DoubleLine Opportunistic Credit Fund Trading Down 0.1%

DoubleLine Opportunistic Credit Fund stock traded down $0.02 during trading on Friday, hitting $13.58. 130,081 shares of the company were exchanged, compared to its average volume of 78,820. The business’s 50 day moving average is $13.75 and its 200 day moving average is $14.32. DoubleLine Opportunistic Credit Fund has a 52 week low of $12.94 and a 52 week high of $15.57.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Wednesday, October 14th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of DoubleLine Opportunistic Credit Fund during the second quarter valued at about $37,000. Fifth Third Bancorp purchased a new position in DoubleLine Opportunistic Credit Fund during the first quarter worth about $55,000. Ascentis Independent Advisors bought a new stake in DoubleLine Opportunistic Credit Fund in the 1st quarter worth about $108,000. Integrated Capital Management Inc. purchased a new stake in DoubleLine Opportunistic Credit Fund in the 2nd quarter valued at about $186,000. Finally, Sigma Planning Corp purchased a new stake in DoubleLine Opportunistic Credit Fund in the 3rd quarter valued at about $203,000.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund (NYSE: DBL) is a closed-end management investment company advised by DoubleLine Capital LP. The fund seeks to provide investors with current income and long-term total return by investing in a diversified portfolio of credit-related fixed-income securities.

The fund may invest across a range of opportunistic credit markets, including corporate bonds and loans, mortgage- and asset-backed securities, structured credit, and other debt instruments. Its portfolio can include securities issued by U.S.