DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.1167 per share on Monday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Wednesday, November 18th.
DoubleLine Yield Opportunities Fund Stock Performance
DLY stock opened at $13.27 on Wednesday. DoubleLine Yield Opportunities Fund has a 52-week low of $12.95 and a 52-week high of $15.03. The stock’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $13.98.
Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund
Several large investors have recently added to or reduced their stakes in DLY. Integrated Wealth Concepts LLC purchased a new stake in DoubleLine Yield Opportunities Fund in the second quarter valued at approximately $91,000. Aries Wealth Management purchased a new position in DoubleLine Yield Opportunities Fund during the third quarter worth approximately $135,000. Commonwealth Equity Services LLC purchased a new position in DoubleLine Yield Opportunities Fund during the third quarter worth approximately $160,000. Corient Private Wealth LP purchased a new position in DoubleLine Yield Opportunities Fund during the second quarter worth approximately $199,000. Finally, Sovran Advisors LLC boosted its holdings in shares of 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 purchasing an additional 4,365 shares during the last quarter.
DoubleLine Yield Opportunities Fund Company Profile
DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks high total return, with income as a secondary objective, by investing in a diversified portfolio of income-producing debt securities.
Its investments may include mortgage- and asset-backed securities, corporate credit, and government and sovereign debt. The fund invests in U.S. and international fixed-income markets and may use leverage as part of its investment strategy.
DoubleLine Capital, founded by investor Jeffrey Gundlach, specializes in fixed-income investment management.
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