DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Update

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 227,500 shares, an increase of 19.8% from the February 13th total of 189,900 shares. Based on an average daily volume of 152,300 shares, the short-interest ratio is presently 1.5 days.

DoubleLine Yield Opportunities Fund Price Performance

Shares of NYSE:DLY traded up $0.01 during mid-day trading on Thursday, reaching $16.07. 53,003 shares of the company’s stock were exchanged, compared to its average volume of 124,147. The business’s fifty day moving average price is $16.10 and its 200-day moving average price is $16.21. DoubleLine Yield Opportunities Fund has a twelve month low of $14.96 and a twelve month high of $16.90.

DoubleLine Yield Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 19th will be given a $0.1167 dividend. This represents a $1.40 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Wednesday, March 19th.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of DLY. FSA Wealth Management LLC acquired a new position in DoubleLine Yield Opportunities Fund during the third quarter worth $26,000. Fourth Dimension Wealth LLC bought a new position in shares of DoubleLine Yield Opportunities Fund in the fourth quarter valued at approximately $49,000. Harbour Investments Inc. boosted its position in shares of DoubleLine Yield Opportunities Fund by 564.5% during the fourth quarter. Harbour Investments Inc. now owns 3,894 shares of the company’s stock valued at $62,000 after buying an additional 3,308 shares during the last quarter. Lindbrook Capital LLC grew its holdings in DoubleLine Yield Opportunities Fund by 57.7% during the fourth quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock worth $65,000 after buying an additional 1,500 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 4th quarter worth $82,000.

About DoubleLine Yield Opportunities Fund

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.