DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.1167 per share on Monday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, November 18th.
DoubleLine Yield Opportunities Fund Stock Performance
Shares of NYSE:DLY traded up $0.00 during midday trading on Monday, reaching $13.22. The company’s stock had a trading volume of 257,633 shares, compared to its average volume of 205,318. DoubleLine Yield Opportunities Fund has a fifty-two week low of $12.95 and a fifty-two week high of $15.03. The business’s fifty day simple moving average is $13.41 and its 200-day simple moving average is $14.00.
Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund
Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in DoubleLine Yield Opportunities Fund by 35.5% in the 1st quarter. Royal Bank of Canada now owns 709,243 shares of the company’s stock valued at $9,872,000 after buying an additional 186,001 shares during the last quarter. HighTower Advisors LLC boosted its stake in DoubleLine Yield Opportunities Fund by 13.7% in the second quarter. HighTower Advisors LLC now owns 564,166 shares of the company’s stock valued at $7,938,000 after acquiring an additional 68,015 shares during the last quarter. Bank of America Corp DE acquired a new stake in DoubleLine Yield Opportunities Fund during the 2nd quarter worth $4,266,000. Rareview Capital LLC raised its position in shares of DoubleLine Yield Opportunities Fund by 35.3% during the 2nd quarter. Rareview Capital LLC now owns 227,782 shares of the company’s stock valued at $3,551,000 after acquiring an additional 59,394 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of DoubleLine Yield Opportunities Fund in the 1st quarter worth $3,142,000.
About DoubleLine Yield Opportunities Fund
DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through a diversified portfolio of fixed-income investments.
Its holdings may include corporate bonds, mortgage- and asset-backed securities, loans, government and sovereign debt, and other income-producing credit instruments. The fund can invest across a range of credit qualities and maturities, including securities rated below investment grade, and may seek opportunities in both U.S.
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