DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading 1.1% Higher – Should You Buy?

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s share price rose 1.1% during mid-day trading on Wednesday . The stock traded as high as $15.04 and last traded at $14.90. Approximately 126,234 shares changed hands during trading, a decline of 18% from the average daily volume of 154,812 shares. The stock had previously closed at $14.74.

DoubleLine Yield Opportunities Fund Price Performance

The business’s fifty day simple moving average is $15.71 and its 200 day simple moving average is $15.98.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Trading of DoubleLine Yield Opportunities Fund

A number of hedge funds have recently made changes to their positions in DLY. Fourth Dimension Wealth LLC bought a new stake in shares of DoubleLine Yield Opportunities Fund in the 4th quarter valued at approximately $49,000. Harbour Investments Inc. boosted its holdings in DoubleLine Yield Opportunities Fund by 564.5% in the fourth quarter. Harbour Investments Inc. now owns 3,894 shares of the company’s stock worth $62,000 after purchasing an additional 3,308 shares during the period. Lindbrook Capital LLC increased its stake in DoubleLine Yield Opportunities Fund by 57.7% during the fourth quarter. Lindbrook Capital LLC now owns 4,100 shares of the company’s stock valued at $65,000 after purchasing an additional 1,500 shares during the last quarter. Elequin Capital LP bought a new stake in DoubleLine Yield Opportunities Fund during the fourth quarter valued at $82,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the fourth quarter worth $121,000.

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.