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

by · The Markets Daily

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

Hedge Funds Weigh In On DoubleLine Opportunistic Credit Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aviance Capital Partners LLC boosted its holdings in DoubleLine Opportunistic Credit Fund by 10.6% in the third quarter. Aviance Capital Partners LLC now owns 123,106 shares of the investment management company’s stock worth $1,668,000 after acquiring an additional 11,809 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of DoubleLine Opportunistic Credit Fund by 17.5% during the third quarter. Park Avenue Securities LLC now owns 71,196 shares of the investment management company’s stock worth $965,000 after purchasing an additional 10,589 shares during the period. Sigma Planning Corp bought a new position in shares of DoubleLine Opportunistic Credit Fund in the 3rd quarter worth $203,000. Evergreen Capital Management LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 34.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 753,047 shares of the investment management company’s stock worth $10,204,000 after purchasing an additional 192,378 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in DoubleLine Opportunistic Credit Fund by 1.3% in the 3rd quarter. Avior Wealth Management LLC now owns 604,096 shares of the investment management company’s stock valued at $8,185,000 after purchasing an additional 7,809 shares during the period.

DoubleLine Opportunistic Credit Fund Stock Down 0.1%

Shares of DoubleLine Opportunistic Credit Fund stock traded down $0.02 during trading on Friday, reaching $13.58. 130,081 shares of the company traded hands, compared to its average volume of 78,820. DoubleLine Opportunistic Credit Fund has a 1-year low of $12.94 and a 1-year high of $15.57. The company has a 50 day moving average price of $13.75 and a 200-day moving average price of $14.32.

DoubleLine Opportunistic Credit Fund Dividend Announcement

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

DoubleLine Opportunistic Credit Fund Company Profile

(Get Free Report)

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.

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