DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading Up 0.2% – What’s Next?

DoubleLine Yield Opportunities Fund (NYSE:DLY) was up 0.2% during trading on Monday . The stock traded as high as $16.40 and last traded at $16.38. Approximately 79,991 shares changed hands during trading, a decline of 50% from the average daily volume of 160,282 shares. The stock had previously closed at $16.34.

DoubleLine Yield Opportunities Fund Stock Up 0.2 %

The firm’s 50-day moving average is $16.28 and its 200 day moving average is $16.08.

DoubleLine Yield Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a $0.1167 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.40 annualized dividend and a dividend yield of 8.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLY. FSA Wealth Management LLC purchased a new position in DoubleLine Yield Opportunities Fund in the 3rd quarter valued at about $26,000. Asset Dedication LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 2nd quarter valued at about $35,000. Westend Capital Management LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter valued at about $114,000. Finally, Empirical Asset Management LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter valued at about $184,000.

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.