DoubleLine Yield Opportunities Fund (NYSE:DLY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.32 and traded as low as $13.27. DoubleLine Yield Opportunities Fund shares last traded at $13.2980, with a volume of 149,840 shares traded.

DoubleLine Yield Opportunities Fund Trading Down 0.5%

The stock’s fifty day simple moving average is $13.32 and its two-hundred day simple moving average is $13.94.

DoubleLine Yield Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.1167 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 10.5%.

Institutional Trading of DoubleLine Yield Opportunities Fund

Several institutional investors have recently modified their holdings of the business. Private Advisor Group LLC increased its holdings in DoubleLine Yield Opportunities Fund by 18.2% in the third quarter. Private Advisor Group LLC now owns 23,188 shares of the company’s stock valued at $310,000 after purchasing an additional 3,568 shares during the period. Atlas Wealth LLC raised its position in DoubleLine Yield Opportunities Fund by 1,091.0% during the 3rd quarter. Atlas Wealth LLC now owns 375,478 shares of the company’s stock worth $5,020,000 after purchasing an additional 343,952 shares during the last quarter. Lido Advisors LLC raised its position in DoubleLine Yield Opportunities Fund by 25.1% during the 3rd quarter. Lido Advisors LLC now owns 26,721 shares of the company’s stock worth $357,000 after purchasing an additional 5,354 shares during the last quarter. Creekside Partners lifted its holdings in DoubleLine Yield Opportunities Fund by 3.2% during the 3rd quarter. Creekside Partners now owns 104,826 shares of the company’s stock worth $1,402,000 after buying an additional 3,250 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $517,000.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks high total return, with income as a secondary objective, by investing in a diversified portfolio of income-producing debt securities. Its investments may include mortgage- and asset-backed securities, corporate credit, and government and sovereign debt. The fund invests in U.S. and international fixed-income markets and may use leverage as part of its investment strategy. DoubleLine Capital, founded by investor Jeffrey Gundlach, specializes in fixed-income investment management.