DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Significant Increase in Short Interest

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 285,500 shares, an increase of 25.5% from the February 28th total of 227,500 shares. Based on an average daily volume of 141,900 shares, the short-interest ratio is currently 2.0 days.

DoubleLine Yield Opportunities Fund Stock Performance

Shares of DLY stock traded down $0.04 on Wednesday, hitting $16.07. The stock had a trading volume of 93,735 shares, compared to its average volume of 145,543. DoubleLine Yield Opportunities Fund has a one year low of $14.96 and a one year high of $16.90. The business has a 50 day moving average price of $16.15 and a 200 day moving average price of $16.18.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.40 annualized dividend and a yield of 8.71%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLY. Hennion & Walsh Asset Management Inc. raised its stake in shares of DoubleLine Yield Opportunities Fund by 0.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 74,414 shares of the company’s stock worth $1,178,000 after purchasing an additional 640 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings 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 in the last quarter. Lindbrook Capital LLC grew its position in shares of DoubleLine Yield Opportunities Fund by 57.7% during the 4th quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock valued at $65,000 after acquiring an additional 1,500 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at approximately $26,000. Finally, Aviance Capital Partners LLC lifted its holdings in DoubleLine Yield Opportunities Fund by 8.6% during the fourth quarter. Aviance Capital Partners LLC now owns 20,735 shares of the company’s stock valued at $328,000 after purchasing an additional 1,650 shares in the last quarter.

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.