DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Free Report)’s stock price dropped 0.5% during mid-day trading on Thursday. The company traded as low as $12.99 and last traded at $13.08. 237,115 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 204,436 shares. The stock had previously closed at $13.14.
DoubleLine Yield Opportunities Fund Stock Performance
The company has a 50-day moving average of $13.49 and a 200 day moving average of $13.85.
DoubleLine Yield Opportunities Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a $0.1167 dividend. This represents a $1.40 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Wednesday, October 14th.
Institutional Trading of DoubleLine Yield Opportunities Fund
Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the second quarter valued at approximately $91,000. Aries Wealth Management acquired a new position in DoubleLine Yield Opportunities Fund during the third quarter worth $135,000. Corient Private Wealth LP acquired a new position in DoubleLine Yield Opportunities Fund during the second quarter worth $199,000. Sovran Advisors LLC grew its holdings in DoubleLine Yield Opportunities Fund by 42.0% in the 1st quarter. Sovran Advisors LLC now owns 14,762 shares of the company’s stock valued at $211,000 after buying an additional 4,365 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in DoubleLine Yield Opportunities Fund in the 2nd quarter valued at $235,000.
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.
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