DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Up 0.6% – Here’s What Happened

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s share price shot up 0.6% during mid-day trading on Monday . The company traded as high as $14.45 and last traded at $14.4310. 304,392 shares were traded during trading, an increase of 69% from the average session volume of 180,258 shares. The stock had previously closed at $14.34.

DoubleLine Yield Opportunities Fund Trading Up 0.6%

The firm’s fifty day moving average is $14.88 and its 200-day moving average is $15.27.

DoubleLine Yield Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Wednesday, November 19th will be paid a $0.1167 dividend. The ex-dividend date is Wednesday, November 19th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Investors Weigh In On DoubleLine Yield Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its position in DoubleLine Yield Opportunities Fund by 125.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,259 shares of the company’s stock valued at $34,000 after purchasing an additional 1,259 shares during the last quarter. Gridiron Partners LLC increased its stake in shares of DoubleLine Yield Opportunities Fund by 1,843.9% in the third quarter. Gridiron Partners LLC now owns 526,146 shares of the company’s stock valued at $79,000 after buying an additional 499,080 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of DoubleLine Yield Opportunities Fund in the third quarter valued at about $153,000. Moors & Cabot Inc. acquired a new position in DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $154,000. Finally, Cerity Partners LLC bought a new stake in DoubleLine Yield Opportunities Fund during the 2nd quarter worth about $156,000.

DoubleLine Yield Opportunities Fund Company Profile

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.