DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading Up 0.2% – Here’s Why

Shares of DoubleLine Yield Opportunities Fund (NYSE:DLY) shot up 0.2% during trading on Monday . The company traded as high as $16.40 and last traded at $16.38. 79,991 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 160,282 shares. The stock had previously closed at $16.34.

DoubleLine Yield Opportunities Fund Stock Performance

The firm’s 50 day moving average is $16.27 and its 200 day moving average is $16.08.

DoubleLine Yield Opportunities Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th will be issued a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.40 annualized dividend and a dividend yield of 8.53%.

Institutional Trading of DoubleLine Yield Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank raised its position in shares of DoubleLine Yield Opportunities Fund by 77.8% during the 1st quarter. Comerica Bank now owns 20,760 shares of the company’s stock valued at $331,000 after buying an additional 9,084 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in DoubleLine Yield Opportunities Fund in the first quarter valued at $573,000. Hennion & Walsh Asset Management Inc. raised its position in DoubleLine Yield Opportunities Fund by 9.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 74,576 shares of the company’s stock valued at $1,177,000 after purchasing an additional 6,270 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in DoubleLine Yield Opportunities Fund by 8.4% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 49,530 shares of the company’s stock worth $782,000 after purchasing an additional 3,841 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 15.8% in the 2nd quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock worth $212,000 after purchasing an additional 1,831 shares in the last quarter.

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.