DoubleLine Yield Opportunities Fund (NYSE:DLY) Shares Shorted: Short Interest Up 82.1% in October

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

DoubleLine Yield Opportunities Fund Stock Up 0.0%

Shares of DoubleLine Yield Opportunities Fund stock opened at $13.22 on Tuesday. DoubleLine Yield Opportunities Fund has a 52-week low of $12.95 and a 52-week high of $15.03. The company has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $13.99.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be issued a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Wednesday, November 18th.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter worth $91,000. Aries Wealth Management purchased a new stake in shares of DoubleLine Yield Opportunities Fund during the third quarter valued at $135,000. Commonwealth Equity Services LLC purchased a new stake in shares of DoubleLine Yield Opportunities Fund during the third quarter valued at $160,000. Corient Private Wealth LP bought a new stake in DoubleLine Yield Opportunities Fund in the 2nd quarter worth about $199,000. Finally, Sovran Advisors LLC increased its holdings in DoubleLine Yield Opportunities Fund by 42.0% in the 1st quarter. Sovran Advisors LLC now owns 14,762 shares of the company’s stock worth $211,000 after buying an additional 4,365 shares in the last quarter.

DoubleLine Yield Opportunities Fund Company Profile

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.