DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Large Decrease in Short Interest

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 133,200 shares, a drop of 7.0% from the January 15th total of 143,300 shares. Based on an average daily volume of 172,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of DoubleLine Yield Opportunities Fund

A number of institutional investors have recently modified their holdings of DLY. FSA Wealth Management LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 3rd quarter valued at about $26,000. Fourth Dimension Wealth LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 4th quarter valued at about $49,000. Harbour Investments Inc. boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 564.5% in the 4th quarter. Harbour Investments Inc. now owns 3,894 shares of the company’s stock valued at $62,000 after buying an additional 3,308 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 57.7% in the 4th quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock valued at $65,000 after buying an additional 1,500 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 4th quarter valued at about $82,000.

DoubleLine Yield Opportunities Fund Price Performance

NYSE DLY opened at $16.37 on Wednesday. The company’s 50-day simple moving average is $16.03 and its two-hundred day simple moving average is $16.21. DoubleLine Yield Opportunities Fund has a one year low of $14.96 and a one year high of $16.90.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Wednesday, February 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.