DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Significant Growth in Short Interest

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 189,900 shares, a growth of 42.6% from the January 31st total of 133,200 shares. Based on an average daily volume of 151,700 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Institutional investors have recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at approximately $40,941,000. Wells Fargo & Company MN raised its position in 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 valued at $29,721,000 after purchasing an additional 270,439 shares in the last quarter. Raymond James Financial Inc. acquired a new position in DoubleLine Yield Opportunities Fund during the fourth quarter valued at approximately $4,196,000. Maridea Wealth Management LLC acquired a new position in DoubleLine Yield Opportunities Fund during the fourth quarter valued at approximately $1,571,000. Finally, Citadel Advisors LLC acquired a new position in DoubleLine Yield Opportunities Fund during the fourth quarter valued at approximately $804,000.

DoubleLine Yield Opportunities Fund Trading Down 1.1 %

DoubleLine Yield Opportunities Fund stock traded down $0.19 during midday trading on Tuesday, reaching $16.14. 217,563 shares of the company’s stock were exchanged, compared to its average volume of 144,923. DoubleLine Yield Opportunities Fund has a 52 week low of $14.96 and a 52 week high of $16.90. The stock’s 50-day simple moving average is $16.05 and its 200 day simple moving average is $16.22.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.68%. The ex-dividend date is Wednesday, March 19th.

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.