DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Up 0.3% – Time to Buy?

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s share price traded up 0.3% on Friday . The stock traded as high as $15.95 and last traded at $15.93. 82,641 shares were traded during trading, a decline of 34% from the average session volume of 124,563 shares. The stock had previously closed at $15.89.

DoubleLine Yield Opportunities Fund Stock Up 0.3 %

The business has a fifty day moving average of $16.10 and a 200-day moving average of $16.18.

DoubleLine Yield Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.1167 dividend. This represents a $1.40 annualized dividend and a dividend yield of 8.79%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of DoubleLine Yield Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in DLY. FSA Wealth Management LLC bought a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in DoubleLine Yield Opportunities Fund during the second quarter valued at about $35,000. Westend Capital Management LLC purchased a new position in DoubleLine Yield Opportunities Fund in the third quarter valued at about $114,000. Empirical Asset Management LLC bought a new position in DoubleLine Yield Opportunities Fund in the third quarter worth about $184,000. Finally, Total Clarity Wealth Management Inc. lifted its position in shares of DoubleLine Yield Opportunities Fund by 7.3% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 13,932 shares of the company’s stock valued at $221,000 after buying an additional 950 shares during the last quarter.

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.