Short Interest in DoubleLine Yield Opportunities Fund (NYSE:DLY) Increases By 23.4%

DoubleLine Yield Opportunities Fund (NYSE:DLY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 252,200 shares, a growth of 23.4% from the August 31st total of 204,400 shares. Based on an average trading volume of 137,500 shares, the short-interest ratio is presently 1.8 days.

DoubleLine Yield Opportunities Fund Stock Up 0.7 %

Shares of DoubleLine Yield Opportunities Fund stock opened at $16.60 on Monday. DoubleLine Yield Opportunities Fund has a 12-month low of $13.58 and a 12-month high of $16.90. The stock’s fifty day moving average is $16.26 and its 200-day moving average is $15.88.

DoubleLine Yield Opportunities Fund Increases Dividend

The company 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 dividend of $0.117 per share. The ex-dividend date is Wednesday, September 18th. This is a positive change 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 8.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Dedication LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. acquired a new stake in DoubleLine Yield Opportunities Fund during the 2nd quarter valued at $35,000. Wealthcare Advisory Partners LLC acquired a new stake in DoubleLine Yield Opportunities Fund during the 1st quarter valued at $164,000. Hartline Investment Corp purchased a new stake in shares of DoubleLine Yield Opportunities Fund in the first quarter valued at $166,000. Finally, Shaker Financial Services LLC boosted its position in shares of DoubleLine Yield Opportunities Fund by 15.8% in the second quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock worth $212,000 after buying an additional 1,831 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.