DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Up 19.8% in February

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 227,500 shares, an increase of 19.8% from the February 13th total of 189,900 shares. Based on an average trading volume of 152,300 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. FSA Wealth Management LLC bought a new position in shares of DoubleLine Yield Opportunities Fund during the third quarter worth $26,000. Fourth Dimension Wealth LLC bought a new position in shares of DoubleLine Yield Opportunities Fund during the fourth quarter worth $49,000. Harbour Investments Inc. boosted its position in shares of DoubleLine Yield Opportunities Fund by 564.5% during the fourth quarter. Harbour Investments Inc. now owns 3,894 shares of the company’s stock worth $62,000 after purchasing an additional 3,308 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of DoubleLine Yield Opportunities Fund by 57.7% during the fourth quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock worth $65,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Elequin Capital LP bought a new position in shares of DoubleLine Yield Opportunities Fund during the fourth quarter worth $82,000.

DoubleLine Yield Opportunities Fund Price Performance

DLY stock traded down $0.05 during midday trading on Wednesday, reaching $16.10. The company’s stock had a trading volume of 138,008 shares, compared to its average volume of 144,963. DoubleLine Yield Opportunities Fund has a 52 week low of $14.96 and a 52 week high of $16.90. The business’s 50-day simple moving average is $16.10 and its 200-day simple moving average is $16.21.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be paid a $0.1167 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $1.40 dividend on an annualized basis and a yield of 8.70%.

About DoubleLine Yield Opportunities Fund

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.