DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Update

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant drop in short interest in 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 trading volume, of 172,000 shares, the days-to-cover ratio is currently 0.8 days.

DoubleLine Yield Opportunities Fund Stock Performance

DLY remained flat at $16.37 during trading on Tuesday. 123,017 shares of the company were exchanged, compared to its average volume of 126,162. The business’s fifty day moving average price is $16.03 and its 200 day moving average price is $16.21. DoubleLine Yield Opportunities Fund has a fifty-two week low of $14.96 and a fifty-two week high of $16.90.

DoubleLine Yield Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.1167 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.40 annualized dividend and a dividend yield of 8.55%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Total Clarity Wealth Management Inc. increased its position in 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 worth $221,000 after buying an additional 950 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of DoubleLine Yield Opportunities Fund by 0.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 74,414 shares of the company’s stock worth $1,178,000 after acquiring an additional 640 shares during the period. Westend Capital Management LLC increased its holdings in shares of DoubleLine Yield Opportunities Fund by 79.0% during the 4th quarter. Westend Capital Management LLC now owns 12,311 shares of the company’s stock worth $195,000 after acquiring an additional 5,434 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in DoubleLine Yield Opportunities Fund in the 3rd quarter valued at $284,000. Finally, World Investment Advisors LLC acquired a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter valued at $2,474,000.

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.