DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Rating) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 23,000 shares, a decrease of 30.7% from the February 13th total of 33,200 shares. Based on an average daily volume of 217,300 shares, the short-interest ratio is presently 0.1 days.
DoubleLine Yield Opportunities Fund Stock Up 0.1 %
Shares of NYSE DLY traded up $0.02 on Tuesday, hitting $13.71. The company's stock had a trading volume of 202,513 shares, compared to its average volume of 174,631. DoubleLine Yield Opportunities Fund has a 12-month low of $12.89 and a 12-month high of $17.66. The stock has a 50 day moving average of $14.28 and a 200-day moving average of $13.91.
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DoubleLine Yield Opportunities Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 16th will be given a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.21%. The ex-dividend date is Wednesday, March 15th.
Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund
A number of institutional investors have recently modified their holdings of the company. Raymond James & Associates increased its position in DoubleLine Yield Opportunities Fund by 132.1% during the first quarter. Raymond James & Associates now owns 126,397 shares of the company's stock worth $2,117,000 after purchasing an additional 71,946 shares during the last quarter. Invesco Ltd. increased its position in DoubleLine Yield Opportunities Fund by 77.1% during the first quarter. Invesco Ltd. now owns 192,666 shares of the company's stock worth $3,227,000 after purchasing an additional 83,880 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in DoubleLine Yield Opportunities Fund during the first quarter worth approximately $284,000. Royal Bank of Canada increased its position in DoubleLine Yield Opportunities Fund by 6.1% during the first quarter. Royal Bank of Canada now owns 973,840 shares of the company's stock worth $16,312,000 after purchasing an additional 55,990 shares during the last quarter. Finally, Robinson Capital Management LLC increased its position in DoubleLine Yield Opportunities Fund by 184.4% during the first quarter. Robinson Capital Management LLC now owns 36,168 shares of the company's stock worth $621,000 after purchasing an additional 23,450 shares during the last quarter.
DoubleLine Yield Opportunities Fund Company Profile
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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.
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