DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Short Interest Report for October

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 198,871 shares, an increase of 82.1% from the September 30th total of 109,225 shares. Based on an average daily trading volume, of 264,872 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in DoubleLine Yield Opportunities Fund by 35.5% in the first quarter. Royal Bank of Canada now owns 709,243 shares of the company’s stock worth $9,872,000 after purchasing an additional 186,001 shares during the period. HighTower Advisors LLC increased its holdings in DoubleLine Yield Opportunities Fund by 13.7% in the 2nd quarter. HighTower Advisors LLC now owns 564,166 shares of the company’s stock valued at $7,938,000 after buying an additional 68,015 shares during the period. Bank of America Corp DE bought a new stake in DoubleLine Yield Opportunities Fund in the 2nd quarter valued at $4,266,000. Rareview Capital LLC raised its stake in shares of DoubleLine Yield Opportunities Fund by 35.3% in the 2nd quarter. Rareview Capital LLC now owns 227,782 shares of the company’s stock valued at $3,551,000 after buying an additional 59,394 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund in the 1st quarter valued at $3,142,000.

DoubleLine Yield Opportunities Fund Trading Down 0.4%

DLY traded down $0.05 on Friday, hitting $13.24. 186,436 shares of the stock traded hands, compared to its average volume of 205,088. The business has a fifty day moving average price of $13.41 and a two-hundred day moving average price of $14.00. DoubleLine Yield Opportunities Fund has a 52 week low of $12.95 and a 52 week high of $15.03.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.1167 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend was Wednesday, October 14th.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income while also pursuing total return through a diversified portfolio of fixed-income investments.

Its holdings may include corporate bonds, mortgage- and asset-backed securities, loans, government and sovereign debt, and other income-producing credit instruments. The fund can invest across a range of credit qualities and maturities, including securities rated below investment grade, and may seek opportunities in both U.S.