DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Update

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a large growth in short interest during 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 Stock Up 0.1 %

Shares of DoubleLine Yield Opportunities Fund stock opened at $16.43 on Friday. The firm’s fifty day simple moving average is $16.27 and its 200-day simple moving average is $16.09. DoubleLine Yield Opportunities Fund has a 12 month low of $14.33 and a 12 month high of $16.90.

DoubleLine Yield Opportunities Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.1167 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.40 annualized dividend and a dividend yield of 8.52%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DLY. Comerica Bank increased its stake in DoubleLine Yield Opportunities Fund by 77.8% in the 1st quarter. Comerica Bank now owns 20,760 shares of the company’s stock valued at $331,000 after buying an additional 9,084 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the first quarter worth about $573,000. Hennion & Walsh Asset Management Inc. raised its holdings in DoubleLine Yield Opportunities Fund by 9.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 74,576 shares of the company’s stock worth $1,177,000 after purchasing an additional 6,270 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in DoubleLine Yield Opportunities Fund by 8.4% in the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 49,530 shares of the company’s stock valued at $782,000 after purchasing an additional 3,841 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in DoubleLine Yield Opportunities Fund by 15.8% in the 2nd quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock valued at $212,000 after purchasing an additional 1,831 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.