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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 204,400 shares, a drop 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 currently 1.6 days.

DoubleLine Yield Opportunities Fund Stock Performance

DLY stock remained flat at $16.63 during midday trading on Thursday. 42,006 shares of the company’s stock were exchanged, compared to its average volume of 156,362. DoubleLine Yield Opportunities Fund has a 1 year low of $13.58 and a 1 year high of $16.90. The stock’s 50 day moving average price is $16.18 and its 200-day moving average price is $15.84.

DoubleLine Yield Opportunities Fund Increases Dividend

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

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DLY. Wells Fargo & Company MN raised 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 worth $18,355,000 after purchasing an additional 261,626 shares during the period. Creekside Partners acquired a new stake in DoubleLine Yield Opportunities Fund in the second quarter worth $1,777,000. Vivaldi Capital Management LP acquired a new stake in DoubleLine Yield Opportunities Fund in the fourth quarter worth $1,323,000. Gridiron Partners LLC acquired a new stake in DoubleLine Yield Opportunities Fund in the fourth quarter worth $1,140,000. Finally, Evoke Wealth LLC raised its holdings in DoubleLine Yield Opportunities Fund by 100.6% in the fourth quarter. Evoke Wealth LLC now owns 92,685 shares of the company’s stock worth $1,378,000 after purchasing an additional 46,485 shares during the period.

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.