Short Interest in DoubleLine Yield Opportunities Fund (NYSE:DLY) Expands By 88.7%

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 98,344 shares, a growth of 88.7% from the November 30th total of 52,112 shares. Based on an average daily volume of 251,817 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 251,817 shares, the days-to-cover ratio is presently 0.4 days.

DoubleLine Yield Opportunities Fund Price Performance

DoubleLine Yield Opportunities Fund stock traded down $0.01 during midday trading on Monday, reaching $14.54. 354,365 shares of the stock traded hands, compared to its average volume of 188,622. The stock’s fifty day moving average is $14.62 and its 200-day moving average is $15.11. DoubleLine Yield Opportunities Fund has a 12 month low of $13.69 and a 12 month high of $16.38.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Wednesday, December 17th.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake in DoubleLine Yield Opportunities Fund by 125.9% in the third quarter. Sunbelt Securities Inc. now owns 2,259 shares of the company’s stock worth $34,000 after purchasing an additional 1,259 shares during the last quarter. Gridiron Partners LLC lifted its stake in shares of DoubleLine Yield Opportunities Fund by 1,843.9% during the 3rd quarter. Gridiron Partners LLC now owns 526,146 shares of the company’s stock worth $79,000 after acquiring an additional 499,080 shares during the last quarter. Sovran Advisors LLC purchased a new position in DoubleLine Yield Opportunities Fund during the 3rd quarter valued at $153,000. Moors & Cabot Inc. bought a new position in DoubleLine Yield Opportunities Fund in the 3rd quarter valued at $154,000. Finally, Cerity Partners LLC bought a new position in DoubleLine Yield Opportunities Fund in the 2nd quarter valued at $156,000.

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.