DBL Stock Summary and Trading Ideas (Doubleline Opportunistic Credit Common Shares Of Beneficial Interest | NYSE:DBL)

The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments. The Fund’s investment adviser, DoubleLine Capital LP allocated the Fund’s assets among market sectors, and among investments within those sectors, in an attempt to construct a portfolio providing a high level of current income and the potential for capital appreciation consistent with what DoubleLine considers an appropriate level of risk in light of market conditions prevailing at the time.

Doubleline Opportunistic Credit Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol DBL.

As of April 19, 2024, DBL stock price declined to $14.72 with 33,051 million shares trading.

DBL has a beta of 0.28, meaning it tends to be less sensitive to market movements. DBL has a correlation of 0.10 to the broad based SPY ETF.

DBL has a market cap of $259.41 million. This is considered a Small Cap stock.

In the last 3 years, DBL stock traded as high as $20.14 and as low as $13.75.

DBL has underperformed the market in the last year with a return of +11.0%, while the SPY ETF gained +21.2%. In the last 3 month period, DBL fell short of the market, returning -0.5%, while SPY returned +3.0%. However, in the most recent 2 weeks DBL has outperformed the stock market by returning -2.6%, while SPY returned -4.5%.

DBL support price is $14.72 and resistance is $14.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DBL stock will trade within this expected range on the day.