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

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 285,500 shares, an increase of 25.5% from the February 28th total of 227,500 shares. Based on an average daily volume of 141,900 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

Several large investors have recently added to or reduced their stakes in DLY. FSA Wealth Management LLC bought a new position in DoubleLine Yield Opportunities Fund during the third quarter worth about $26,000. Fourth Dimension Wealth LLC bought a new position in DoubleLine Yield Opportunities Fund in the 4th quarter worth approximately $49,000. Harbour Investments Inc. boosted its holdings in DoubleLine Yield Opportunities Fund by 564.5% in the 4th quarter. Harbour Investments Inc. now owns 3,894 shares of the company’s stock worth $62,000 after buying an additional 3,308 shares during the period. Lindbrook Capital LLC grew its stake in DoubleLine Yield Opportunities Fund by 57.7% in the 4th quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock valued at $65,000 after buying an additional 1,500 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in DoubleLine Yield Opportunities Fund during the 4th quarter valued at $82,000.

DoubleLine Yield Opportunities Fund Price Performance

Shares of NYSE DLY opened at $16.07 on Thursday. The stock has a fifty day simple moving average of $16.15 and a two-hundred day simple moving average of $16.18. DoubleLine Yield Opportunities Fund has a 1-year low of $14.96 and a 1-year high of $16.90.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.1167 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.40 annualized dividend and a dividend yield of 8.71%.

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.