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

by · The Markets Daily

DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 198,871 shares, a growth of 82.1% from the September 30th total of 109,225 shares. Based on an average trading volume of 264,872 shares, the days-to-cover ratio is presently 0.8 days.

DoubleLine Yield Opportunities Fund Price Performance

Shares of NYSE DLY traded up $0.00 during trading on Monday, hitting $13.22. 257,633 shares of the company were exchanged, compared to its average volume of 205,338. DoubleLine Yield Opportunities Fund has a 1 year low of $12.95 and a 1 year high of $15.03. The firm’s fifty day moving average price is $13.41 and its 200 day moving average price is $14.00.

DoubleLine Yield Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.1167 per share. This represents a $1.40 annualized dividend and a yield of 10.6%. The ex-dividend date is Wednesday, November 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of DoubleLine Yield Opportunities Fund by 1.7% in the first quarter. NewEdge Advisors LLC now owns 55,158 shares of the company’s stock valued at $768,000 after purchasing an additional 908 shares in the last quarter. Bank of America Corp DE grew its position in shares of DoubleLine Yield Opportunities Fund by 105.9% in the first quarter. Bank of America Corp DE now owns 288,949 shares of the company’s stock valued at $4,022,000 after purchasing an additional 148,616 shares during the last quarter. Royal Bank of Canada increased its stake in shares of DoubleLine Yield Opportunities Fund by 35.5% during the 1st quarter. Royal Bank of Canada now owns 709,243 shares of the company’s stock worth $9,872,000 after purchasing an additional 186,001 shares in the last quarter. First Trust Advisors LP increased its stake in shares of DoubleLine Yield Opportunities Fund by 7.8% during the 1st quarter. First Trust Advisors LP now owns 35,543 shares of the company’s stock worth $495,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Adalta Capital Management LLC increased its stake in shares of DoubleLine Yield Opportunities Fund by 51.4% during the 1st quarter. Adalta Capital Management LLC now owns 19,684 shares of the company’s stock worth $274,000 after purchasing an additional 6,684 shares in the last quarter.

About DoubleLine Yield Opportunities Fund

(Get Free Report)

DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through a diversified portfolio of fixed-income investments.

Its holdings may include corporate bonds, mortgage- and asset-backed securities, loans, government and sovereign debt, and other income-producing credit instruments. The fund can invest across a range of credit qualities and maturities, including securities rated below investment grade, and may seek opportunities in both U.S.

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