Short Interest in DoubleLine Yield Opportunities Fund (NYSE:DLY) Expands By 155.0%

DoubleLine Yield Opportunities Fund (NYSE:DLY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 305,500 shares, a growth of 155.0% from the October 31st total of 119,800 shares. Based on an average daily trading volume, of 164,500 shares, the days-to-cover ratio is presently 1.9 days.

DoubleLine Yield Opportunities Fund Trading Up 0.7 %

Shares of NYSE:DLY opened at $16.42 on Thursday. The firm’s 50 day simple moving average is $16.27 and its 200 day simple moving average is $16.08. DoubleLine Yield Opportunities Fund has a fifty-two week low of $14.33 and a fifty-two week high of $16.90.

DoubleLine Yield Opportunities Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be issued a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.40 annualized dividend and a yield of 8.53%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creekside Partners lifted its holdings in DoubleLine Yield Opportunities Fund by 0.6% during the third quarter. Creekside Partners now owns 113,219 shares of the company’s stock worth $1,878,000 after acquiring an additional 623 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of DoubleLine Yield Opportunities Fund by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 22,800 shares of the company’s stock valued at $378,000 after purchasing an additional 1,000 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund in the 3rd quarter valued at approximately $26,000. Shaker Financial Services LLC increased its stake in DoubleLine Yield Opportunities Fund by 15.8% during the 2nd quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock worth $212,000 after purchasing an additional 1,831 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in DoubleLine Yield Opportunities Fund during the 2nd quarter worth approximately $31,000.

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.