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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 189,900 shares, an increase of 42.6% from the January 31st total of 133,200 shares. Based on an average trading volume of 151,700 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter valued at $40,941,000. Wells Fargo & Company MN increased its position in shares of DoubleLine Yield Opportunities Fund by 16.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,877,505 shares of the company’s stock worth $29,721,000 after buying an additional 270,439 shares during the period. HighTower Advisors LLC boosted its position in shares of DoubleLine Yield Opportunities Fund by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 455,785 shares of the company’s stock valued at $7,215,000 after purchasing an additional 8,480 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 4th quarter valued at $4,196,000. Finally, Captrust Financial Advisors grew its holdings in DoubleLine Yield Opportunities Fund by 1.8% in the fourth quarter. Captrust Financial Advisors now owns 196,171 shares of the company’s stock worth $3,105,000 after purchasing an additional 3,500 shares during the period.

DoubleLine Yield Opportunities Fund Price Performance

NYSE:DLY remained flat at $16.10 during mid-day trading on Wednesday. The company had a trading volume of 39,964 shares, compared to its average volume of 144,529. The business’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $16.22. DoubleLine Yield Opportunities Fund has a 1 year low of $14.96 and a 1 year high of $16.90.

DoubleLine Yield Opportunities Fund Announces Dividend

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