DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading 0.3% Higher – Still a Buy?

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

DoubleLine Yield Opportunities Fund Trading Up 0.3 %

The business’s 50 day moving average is $16.10 and its 200 day moving average is $16.18.

DoubleLine Yield Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.1167 per share. 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter valued at $35,000. Creekside Partners purchased a new position in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter worth approximately $1,777,000. Westend Capital Management LLC bought a new position in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter worth approximately $114,000. Empirical Asset Management LLC purchased a new stake in DoubleLine Yield Opportunities Fund during the third quarter valued at approximately $184,000. Finally, Private Advisor Group LLC boosted its stake in DoubleLine Yield Opportunities Fund by 13.9% in the third quarter. Private Advisor Group LLC now owns 16,691 shares of the company’s stock valued at $277,000 after acquiring an additional 2,037 shares in the last quarter.

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.