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 May 10, 2024, DBL stock price climbed to $15.19 with 38,033 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 0.11 to the broad based SPY ETF.

DBL has a market cap of $267.61 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 price return of +14.3% while the SPY ETF gained +27.8%. DBL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and +1.6%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

DBL support price is $15.06 and resistance is $15.29 (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.