DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Down 7.6% in August

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 204,400 shares, a decline of 7.6% from the August 15th total of 221,100 shares. Based on an average daily volume of 128,200 shares, the short-interest ratio is presently 1.6 days.

DoubleLine Yield Opportunities Fund Trading Down 1.6 %

DoubleLine Yield Opportunities Fund stock traded down $0.27 during midday trading on Wednesday, hitting $16.52. 148,776 shares of the company’s stock were exchanged, compared to its average volume of 156,873. DoubleLine Yield Opportunities Fund has a 12-month low of $13.58 and a 12-month high of $16.90. The firm’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $15.84.

DoubleLine Yield Opportunities Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be given a $0.117 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.50%. This is an increase from DoubleLine Yield Opportunities Fund’s previous monthly dividend of $0.12.

Institutional Trading of DoubleLine Yield Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in DoubleLine Yield Opportunities Fund during the 1st quarter valued at approximately $164,000. Hennion & Walsh Asset Management Inc. increased its stake in DoubleLine Yield Opportunities Fund by 106.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 68,306 shares of the company’s stock valued at $1,089,000 after buying an additional 35,255 shares during the period. LM Advisors LLC bought a new position in DoubleLine Yield Opportunities Fund during the 4th quarter valued at $281,000. Vivaldi Capital Management LP acquired a new stake in DoubleLine Yield Opportunities Fund during the 4th quarter worth about $1,323,000. Finally, Aristides Capital LLC acquired a new position in DoubleLine Yield Opportunities Fund in the 4th quarter worth approximately $252,000.

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.