DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading Up 0.2% – What’s Next?

DoubleLine Yield Opportunities Fund (NYSE:DLY) shares shot up 0.2% during mid-day trading on Monday . The company traded as high as $16.40 and last traded at $16.38. 79,991 shares traded hands during trading, a decline of 50% from the average session volume of 160,282 shares. The stock had previously closed at $16.34.

DoubleLine Yield Opportunities Fund Trading Up 0.2 %

The stock’s 50-day moving average is $16.28 and its 200-day moving average is $16.08.

DoubleLine Yield Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be given a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 8.55%. The ex-dividend date is Wednesday, November 13th.

Institutional Trading of DoubleLine Yield Opportunities Fund

Several large investors have recently bought and sold shares of DLY. Comerica Bank grew its position in DoubleLine Yield Opportunities Fund by 77.8% in the first quarter. Comerica Bank now owns 20,760 shares of the company’s stock valued at $331,000 after acquiring an additional 9,084 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of DoubleLine Yield Opportunities Fund during the 1st quarter valued at approximately $573,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of DoubleLine Yield Opportunities Fund by 9.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 74,576 shares of the company’s stock valued at $1,177,000 after buying an additional 6,270 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of DoubleLine Yield Opportunities Fund by 8.4% during the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 49,530 shares of the company’s stock valued at $782,000 after buying an additional 3,841 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of DoubleLine Yield Opportunities Fund by 15.8% during the 2nd quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock valued at $212,000 after buying an additional 1,831 shares during the last quarter.

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.