DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Down 0.5% – Should You Sell?

DoubleLine Yield Opportunities Fund (NYSE:DLY) dropped 0.5% during mid-day trading on Monday . The company traded as low as $14.65 and last traded at $14.6960. Approximately 212,466 shares were traded during trading, a decline of 7% from the average daily volume of 227,302 shares. The stock had previously closed at $14.77.

DoubleLine Yield Opportunities Fund Price Performance

The company has a 50-day moving average of $14.72 and a 200-day moving average of $14.91.

DoubleLine Yield Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be issued a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. acquired a new position in DoubleLine Yield Opportunities Fund in the 4th quarter valued at $15,749,000. Rivernorth Capital Management LLC purchased a new stake in shares of DoubleLine Yield Opportunities Fund in the fourth quarter valued at about $8,083,000. Gridiron Partners LLC boosted its holdings 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 acquiring an additional 499,080 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of DoubleLine Yield Opportunities Fund by 20.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,366,711 shares of the company’s stock worth $34,412,000 after acquiring an additional 402,798 shares during the period. Finally, Shaker Financial Services LLC raised its holdings in DoubleLine Yield Opportunities Fund by 253.3% during the third quarter. Shaker Financial Services LLC now owns 294,710 shares of the company’s stock worth $4,444,000 after purchasing an additional 211,297 shares in the last quarter.

About DoubleLine Yield Opportunities Fund

DoubleLine Yield Opportunities Fund (NYSE: DLY) is an actively managed closed-end interval fund designed to deliver total return through a diversified portfolio of fixed income securities. Since its introduction in mid-2021, the fund has sought to generate income and capital appreciation by investing across a broad spectrum of credit markets, including corporate debt, asset-backed and mortgage-backed securities, emerging markets debt, and other income-oriented instruments.

The fund’s primary investment strategy emphasizes rigorous credit analysis and sector diversification.