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

DoubleLine Yield Opportunities Fund (NYSE:DLY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 125,302 shares, a growth of 106.0% from the December 31st total of 60,812 shares. Based on an average daily volume of 225,319 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 225,319 shares, the days-to-cover ratio is currently 0.6 days.

DoubleLine Yield Opportunities Fund Stock Up 0.1%

Shares of DoubleLine Yield Opportunities Fund stock traded up $0.02 on Friday, reaching $14.80. The company’s stock had a trading volume of 107,207 shares, compared to its average volume of 227,691. DoubleLine Yield Opportunities Fund has a 52 week low of $13.69 and a 52 week high of $16.38. The firm’s fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $14.97.

DoubleLine Yield Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a $0.1167 dividend. The ex-dividend date is Wednesday, January 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in shares of DoubleLine Yield Opportunities Fund by 125.9% during 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 position in DoubleLine Yield Opportunities Fund in the fourth quarter valued at approximately $59,000. Cerity Partners LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the second quarter valued at approximately $156,000. Moors & Cabot Inc. acquired a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter worth approximately $154,000. Finally, Sovran Advisors LLC purchased a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $153,000.

DoubleLine Yield Opportunities Fund Company Profile

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.