DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Large Decrease in Short Interest

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

Institutional Trading of DoubleLine Yield Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in DLY. Wells Fargo & Company MN lifted its holdings in DoubleLine Yield Opportunities Fund by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,234,395 shares of the company’s stock valued at $18,355,000 after acquiring an additional 261,626 shares during the period. CreativeOne Wealth LLC bought a new position in DoubleLine Yield Opportunities Fund during the 4th quarter valued at $263,000. Tidemark LLC bought a new position in shares of DoubleLine Yield Opportunities Fund in the 4th quarter worth about $61,000. Brogan Financial Inc. acquired a new position in DoubleLine Yield Opportunities Fund during the 4th quarter valued at about $383,000. Finally, Weiss Asset Management LP acquired a new position in shares of DoubleLine Yield Opportunities Fund during the fourth quarter worth approximately $376,000.

DoubleLine Yield Opportunities Fund Price Performance

Shares of NYSE DLY traded down $0.16 during midday trading on Wednesday, reaching $16.63. 168,776 shares of the company’s stock traded hands, compared to its average volume of 156,984. The stock’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $15.84. DoubleLine Yield Opportunities Fund has a one year low of $13.58 and a one year high of $16.90.

DoubleLine Yield Opportunities Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.117 per share. This represents a $1.40 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from DoubleLine Yield Opportunities Fund’s previous monthly dividend of $0.12.

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.