DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading Down 0.2% – Time to Sell?

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s stock price traded down 0.2% during trading on Friday . The company traded as low as $15.57 and last traded at $15.63. 106,463 shares were traded during mid-day trading, a decline of 31% from the average session volume of 153,417 shares. The stock had previously closed at $15.66.

DoubleLine Yield Opportunities Fund Stock Down 0.2%

The stock has a 50 day moving average of $15.25 and a 200 day moving average of $15.83.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a $0.1167 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.40 dividend on an annualized basis and a yield of 8.96%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in DoubleLine Yield Opportunities Fund by 18.5% in the first quarter. NewEdge Advisors LLC now owns 35,150 shares of the company’s stock valued at $566,000 after acquiring an additional 5,500 shares during the period. Royal Bank of Canada boosted its stake in DoubleLine Yield Opportunities Fund by 12.5% in the first quarter. Royal Bank of Canada now owns 579,578 shares of the company’s stock valued at $9,331,000 after acquiring an additional 64,369 shares during the period. Comerica Bank boosted its stake in DoubleLine Yield Opportunities Fund by 93.7% in the first quarter. Comerica Bank now owns 29,769 shares of the company’s stock valued at $479,000 after acquiring an additional 14,404 shares during the period. LeConte Wealth Management LLC acquired a new position in DoubleLine Yield Opportunities Fund in the first quarter valued at approximately $15,664,000. Finally, Raymond James Financial Inc. boosted its stake in DoubleLine Yield Opportunities Fund by 2.9% in the first quarter. Raymond James Financial Inc. now owns 272,807 shares of the company’s stock valued at $4,392,000 after acquiring an additional 7,770 shares during the period.

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.