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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a large 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 short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Institutional investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC boosted its holdings in DoubleLine Yield Opportunities Fund by 2.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 33,812 shares of the company’s stock valued at $452,000 after purchasing an additional 924 shares during the period. Integrity Advisory Solutions LLC grew its position in DoubleLine Yield Opportunities Fund by 50.6% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 19,580 shares of the company’s stock worth $262,000 after purchasing an additional 6,580 shares during the last quarter. Aries Wealth Management bought a new position in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $135,000. Shaker Financial Services LLC increased its holdings in shares of DoubleLine Yield Opportunities Fund by 8.1% during the 3rd quarter. Shaker Financial Services LLC now owns 170,675 shares of the company’s stock worth $2,282,000 after purchasing an additional 12,752 shares during the period. Finally, Integrated Capital Management Inc. bought a new position in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $323,000.

DoubleLine Yield Opportunities Fund Stock Performance

NYSE:DLY traded down $0.05 during midday trading on Friday, reaching $13.24. The stock had a trading volume of 186,436 shares, compared to its average volume of 205,088. 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 simple moving average is $13.41 and its 200-day simple moving average is $14.00.

DoubleLine Yield Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date was Wednesday, October 14th.

DoubleLine Yield Opportunities Fund Company Profile

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.