DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading 0.2% Higher

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s stock price traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $15.70 and last traded at $15.65. 75,140 shares were traded during trading, a decline of 55% from the average session volume of 166,097 shares. The stock had previously closed at $15.62.

DoubleLine Yield Opportunities Fund Stock Performance

The stock’s 50 day moving average is $15.56 and its two-hundred day moving average is $15.39.

DoubleLine Yield Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be issued a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date is Wednesday, June 12th.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 10.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 164,256 shares of the company’s stock valued at $2,442,000 after acquiring an additional 15,653 shares during the period. Realta Investment Advisors acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the fourth quarter valued at approximately $227,000. International Assets Investment Management LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the fourth quarter valued at approximately $620,000. Consolidated Portfolio Review Corp boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 8.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 191,764 shares of the company’s stock valued at $2,852,000 after acquiring an additional 15,099 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of DoubleLine Yield Opportunities Fund by 154.9% in the fourth quarter. Larson Financial Group LLC now owns 2,139 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 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.