DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Update

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 227,500 shares, an increase of 19.8% from the February 13th total of 189,900 shares. Based on an average daily trading volume, of 152,300 shares, the days-to-cover ratio is currently 1.5 days.

DoubleLine Yield Opportunities Fund Price Performance

NYSE DLY remained flat at $16.14 during trading hours on Tuesday. 81,918 shares of the company were exchanged, compared to its average volume of 145,070. The company’s 50 day simple moving average is $16.10 and its two-hundred day simple moving average is $16.21. DoubleLine Yield Opportunities Fund has a 1-year low of $14.96 and a 1-year high of $16.90.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a $0.1167 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $1.40 dividend on an annualized basis and a yield of 8.68%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLY. World Investment Advisors LLC bought a new position in DoubleLine Yield Opportunities Fund in the 3rd quarter valued at approximately $40,941,000. Wells Fargo & Company MN raised its holdings in DoubleLine Yield Opportunities Fund by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,877,505 shares of the company’s stock worth $29,721,000 after purchasing an additional 270,439 shares during the last quarter. Raymond James Financial Inc. bought a new position in DoubleLine Yield Opportunities Fund during the 4th quarter worth approximately $4,196,000. Maridea Wealth Management LLC bought a new position in DoubleLine Yield Opportunities Fund during the 4th quarter worth approximately $1,571,000. Finally, Citadel Advisors LLC bought a new position in DoubleLine Yield Opportunities Fund during the 4th quarter worth approximately $804,000.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund (the “Fund”) is a limited term closed-end management investment company.

The Fund’s investment objective is to seek a high level of total return, with an emphasis on current income.

The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for its potential to provide a high level of total return, with an emphasis on current income.