DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Down 7.0% in January

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 133,200 shares, a decline of 7.0% from the January 15th total of 143,300 shares. Based on an average daily volume of 172,000 shares, the days-to-cover ratio is currently 0.8 days.

DoubleLine Yield Opportunities Fund Price Performance

NYSE DLY traded up $0.10 on Monday, hitting $16.31. The stock had a trading volume of 109,551 shares, compared to its average volume of 126,268. DoubleLine Yield Opportunities Fund has a 52-week low of $14.96 and a 52-week high of $16.90. The business’s fifty day moving average price is $16.03 and its 200 day moving average price is $16.21.

DoubleLine Yield Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.1167 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.40 annualized dividend and a dividend yield of 8.59%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the third quarter worth $40,941,000. Wells Fargo & Company MN lifted its stake in shares of DoubleLine Yield Opportunities Fund by 16.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,877,505 shares of the company’s stock worth $29,721,000 after buying an additional 270,439 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of DoubleLine Yield Opportunities Fund by 1,569.8% during the third quarter. Pathway Financial Advisers LLC now owns 605,257 shares of the company’s stock worth $10,041,000 after buying an additional 569,009 shares during the period. HighTower Advisors LLC lifted its stake in shares of DoubleLine Yield Opportunities Fund by 1.9% during the fourth quarter. HighTower Advisors LLC now owns 455,785 shares of the company’s stock worth $7,215,000 after buying an additional 8,480 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the fourth quarter worth $4,196,000.

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.