DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Up 0.1%

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s share price rose 0.1% on Friday . The company traded as high as $16.36 and last traded at $16.33. Approximately 126,820 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 158,634 shares. The stock had previously closed at $16.32.

DoubleLine Yield Opportunities Fund Stock Down 0.1 %

The firm’s 50-day moving average is $15.96 and its two-hundred day moving average is $15.74.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 8.59%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several large investors have recently made changes to their positions in the company. Spire Wealth Management bought a new stake in DoubleLine Yield Opportunities Fund during the 4th quarter worth about $25,000. Asset Dedication LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the 2nd quarter worth approximately $31,000. Larson Financial Group LLC raised its stake in shares of DoubleLine Yield Opportunities Fund by 154.9% during the fourth quarter. Larson Financial Group LLC now owns 2,139 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of DoubleLine Yield Opportunities Fund during the second quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new position in DoubleLine Yield Opportunities Fund in the fourth quarter valued at approximately $61,000.

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.