DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Breaks Below 50 Day Moving Average – What’s Next?

DoubleLine Yield Opportunities Fund (NYSE:DLY) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.32 and traded as low as $13.27. DoubleLine Yield Opportunities Fund shares last traded at $13.2980, with a volume of 149,840 shares.

DoubleLine Yield Opportunities Fund Stock Down 0.5%

The business’s fifty day moving average price is $13.32 and its 200 day moving average price is $13.94.

DoubleLine Yield Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be issued a dividend of $0.1167 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 10.5%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLY. NewEdge Advisors LLC grew its stake in shares of DoubleLine Yield Opportunities Fund by 1.7% during the first quarter. NewEdge Advisors LLC now owns 55,158 shares of the company’s stock worth $768,000 after buying an additional 908 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of DoubleLine Yield Opportunities Fund by 2.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 33,812 shares of the company’s stock valued at $452,000 after acquiring an additional 924 shares during the last quarter. Journey Advisory Group LLC boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 0.9% during the 1st quarter. Journey Advisory Group LLC now owns 198,768 shares of the company’s stock valued at $2,767,000 after acquiring an additional 1,842 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 7.8% during the 1st quarter. First Trust Advisors LP now owns 35,543 shares of the company’s stock valued at $495,000 after acquiring an additional 2,572 shares in the last quarter. Finally, Creekside Partners boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 3.2% during the 3rd quarter. Creekside Partners now owns 104,826 shares of the company’s stock valued at $1,402,000 after acquiring an additional 3,250 shares in the last quarter.

DoubleLine Yield Opportunities Fund Company Profile

DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks high total return, with income as a secondary objective, by investing in a diversified portfolio of income-producing debt securities. Its investments may include mortgage- and asset-backed securities, corporate credit, and government and sovereign debt. The fund invests in U.S. and international fixed-income markets and may use leverage as part of its investment strategy. DoubleLine Capital, founded by investor Jeffrey Gundlach, specializes in fixed-income investment management.