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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 133,200 shares, a drop of 7.0% from the January 15th total of 143,300 shares. Based on an average trading volume of 172,000 shares, the days-to-cover ratio is currently 0.8 days.

DoubleLine Yield Opportunities Fund Stock Performance

DoubleLine Yield Opportunities Fund stock opened at $16.37 on Wednesday. The firm has a 50-day moving average price of $16.03 and a 200-day moving average price of $16.21. DoubleLine Yield Opportunities Fund has a 12-month low of $14.96 and a 12-month high of $16.90.

DoubleLine Yield Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Wednesday, February 19th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. increased its stake in DoubleLine Yield Opportunities Fund by 7.3% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 13,932 shares of the company’s stock worth $221,000 after buying an additional 950 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in DoubleLine Yield Opportunities Fund by 0.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 74,414 shares of the company’s stock worth $1,178,000 after buying an additional 640 shares during the period. Westend Capital Management LLC increased its position in DoubleLine Yield Opportunities Fund by 79.0% during the 4th quarter. Westend Capital Management LLC now owns 12,311 shares of the company’s stock valued at $195,000 after purchasing an additional 5,434 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in DoubleLine Yield Opportunities Fund during the 3rd quarter valued at about $284,000. Finally, World Investment Advisors LLC purchased a new position in DoubleLine Yield Opportunities Fund during the 3rd quarter valued at about $2,474,000.

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.