DoubleLine Yield Opportunities Fund (NYSE:DLY) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creekside Partners purchased a new stake in shares of DoubleLine Yield Opportunities Fund in the second quarter valued at $1,777,000. Northwestern Mutual Wealth Management Co. acquired a new stake in DoubleLine Yield Opportunities Fund during the 2nd quarter worth about $35,000. Wedbush Securities Inc. grew its stake in DoubleLine Yield Opportunities Fund by 33.6% during the 2nd quarter. Wedbush Securities Inc. now owns 95,882 shares of the company’s stock valued at $1,513,000 after acquiring an additional 24,116 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter valued at about $31,000. Finally, Shaker Financial Services LLC boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 15.8% during the second quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock worth $212,000 after purchasing an additional 1,831 shares during the period.

DoubleLine Yield Opportunities Fund Stock Performance

Shares of NYSE DLY remained flat at $16.60 during midday trading on Monday. The stock had a trading volume of 78,235 shares, compared to its average volume of 155,414. DoubleLine Yield Opportunities Fund has a fifty-two week low of $13.58 and a fifty-two week high of $16.90. The business’s fifty day moving average is $16.26 and its 200 day moving average is $15.88.

DoubleLine Yield Opportunities Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 18th will be issued a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.46%. This is a boost from DoubleLine Yield Opportunities Fund’s previous monthly dividend of $0.12. The ex-dividend date is Wednesday, September 18th.

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.