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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 60,812 shares, a decline of 38.2% from the December 15th total of 98,344 shares. Based on an average trading volume of 307,175 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 307,175 shares, the short-interest ratio is currently 0.2 days.

DoubleLine Yield Opportunities Fund Trading Up 0.0%

Shares of NYSE DLY traded up $0.00 during mid-day trading on Friday, reaching $14.71. 758,733 shares of the company’s stock were exchanged, compared to its average volume of 273,767. DoubleLine Yield Opportunities Fund has a twelve month low of $13.69 and a twelve month high of $16.38. The business has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $15.01.

DoubleLine Yield Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be paid a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DLY. Royal Bank of Canada lifted its position in DoubleLine Yield Opportunities Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 579,578 shares of the company’s stock valued at $9,331,000 after acquiring an additional 64,369 shares in the last quarter. Gridiron Partners LLC raised its stake in shares of DoubleLine Yield Opportunities Fund by 1,843.9% in the 3rd quarter. Gridiron Partners LLC now owns 526,146 shares of the company’s stock valued at $79,000 after purchasing an additional 499,080 shares during the period. HighTower Advisors LLC lifted its holdings in shares of DoubleLine Yield Opportunities Fund by 1.3% in the third quarter. HighTower Advisors LLC now owns 469,509 shares of the company’s stock valued at $7,080,000 after purchasing an additional 6,106 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of DoubleLine Yield Opportunities Fund by 8.3% during the third quarter. Raymond James Financial Inc. now owns 340,593 shares of the company’s stock worth $5,136,000 after buying an additional 26,040 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of DoubleLine Yield Opportunities Fund by 253.3% during the third quarter. Shaker Financial Services LLC now owns 294,710 shares of the company’s stock worth $4,444,000 after buying an additional 211,297 shares in the last quarter.

DoubleLine Yield Opportunities Fund Company Profile

DoubleLine Yield Opportunities Fund (NYSE: DLY) is an actively managed closed-end interval fund designed to deliver total return through a diversified portfolio of fixed income securities. Since its introduction in mid-2021, the fund has sought to generate income and capital appreciation by investing across a broad spectrum of credit markets, including corporate debt, asset-backed and mortgage-backed securities, emerging markets debt, and other income-oriented instruments.

The fund’s primary investment strategy emphasizes rigorous credit analysis and sector diversification.