DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Significant Growth in Short Interest

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 252,200 shares, an increase of 23.4% from the August 31st total of 204,400 shares. Based on an average trading volume of 137,500 shares, the days-to-cover ratio is currently 1.8 days.

DoubleLine Yield Opportunities Fund Price Performance

NYSE DLY remained flat at $16.60 during trading on Monday. The company’s stock had a trading volume of 78,235 shares, compared to its average volume of 155,414. DoubleLine Yield Opportunities Fund has a one year low of $13.58 and a one year high of $16.90. The business’s 50 day simple moving average is $16.26 and its two-hundred day simple moving average is $15.88.

DoubleLine Yield Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.117 per share. This is a positive change from DoubleLine Yield Opportunities Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.40 dividend on an annualized basis and a yield of 8.46%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in DoubleLine Yield Opportunities Fund by 26.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,234,395 shares of the company’s stock valued at $18,355,000 after buying an additional 261,626 shares during the last quarter. Creekside Partners acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the second quarter worth $1,777,000. Vivaldi Capital Management LP bought a new position in DoubleLine Yield Opportunities Fund during the fourth quarter worth $1,323,000. Evoke Wealth LLC boosted its holdings in DoubleLine Yield Opportunities Fund by 100.6% in the 4th quarter. Evoke Wealth LLC now owns 92,685 shares of the company’s stock valued at $1,378,000 after purchasing an additional 46,485 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in DoubleLine Yield Opportunities Fund in the 1st quarter worth $573,000.

DoubleLine Yield Opportunities Fund Company Profile

DoubleLine Yield Opportunities Fund (the “Fund”) is a limited term closed-end management investment company.

The Fund’s investment objective is to seek a high level of total return, with an emphasis on current income.

The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for its potential to provide a high level of total return, with an emphasis on current income.