DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Up 89.1% in August

DoubleLine Yield Opportunities Fund (NYSE:DLYGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 214,203 shares, a growth of 89.1% from the July 30th total of 113,290 shares. Based on an average daily trading volume, of 160,683 shares, the short-interest ratio is presently 1.3 days.

DoubleLine Yield Opportunities Fund Stock Performance

NYSE:DLY traded up $0.01 during mid-day trading on Friday, hitting $13.87. 149,196 shares of the company’s stock traded hands, compared to its average volume of 195,393. The firm’s 50 day simple moving average is $14.00 and its 200 day simple moving average is $14.11. DoubleLine Yield Opportunities Fund has a 1 year low of $13.51 and a 1 year high of $15.72.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its stake in DoubleLine Yield Opportunities Fund by 125.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,259 shares of the company’s stock valued at $34,000 after purchasing an additional 1,259 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the 4th quarter worth about $59,000. Cerity Partners LLC purchased a new stake in shares of DoubleLine Yield Opportunities Fund during the second quarter worth about $156,000. Moors & Cabot Inc. acquired a new position in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at approximately $154,000. Finally, Jane Street Group LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund in the second quarter valued at approximately $199,000.

About DoubleLine Yield Opportunities Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for DoubleLine Yield Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleLine Yield Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.