DoubleLine Yield Opportunities Fund (NYSE:DLY) Shares Up 0.6% – Here’s Why

DoubleLine Yield Opportunities Fund (NYSE:DLY) rose 0.6% on Tuesday . The stock traded as high as $16.10 and last traded at $16.04. Approximately 107,880 shares were traded during trading, a decline of 34% from the average daily volume of 162,449 shares. The stock had previously closed at $15.94.

DoubleLine Yield Opportunities Fund Stock Performance

The firm has a 50 day moving average price of $16.18 and a 200-day moving average price of $16.16.

DoubleLine Yield Opportunities Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at about $26,000. Asset Dedication LLC acquired a new stake in DoubleLine Yield Opportunities Fund in the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. bought a new position in DoubleLine Yield Opportunities Fund in the 2nd quarter worth approximately $35,000. Westend Capital Management LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the third quarter worth approximately $114,000. Finally, Empirical Asset Management LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at approximately $184,000.

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.