DoubleLine Yield Opportunities Fund (NYSE:DLY – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 204,400 shares, a decline of 7.6% from the August 15th total of 221,100 shares. Based on an average daily volume of 128,200 shares, the short-interest ratio is presently 1.6 days.
DoubleLine Yield Opportunities Fund Trading Down 1.6 %
DoubleLine Yield Opportunities Fund stock traded down $0.27 during midday trading on Wednesday, hitting $16.52. 148,776 shares of the company’s stock were exchanged, compared to its average volume of 156,873. DoubleLine Yield Opportunities Fund has a 12-month low of $13.58 and a 12-month high of $16.90. The firm’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $15.84.
DoubleLine Yield Opportunities Fund Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be given a $0.117 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.50%. This is an increase from DoubleLine Yield Opportunities Fund’s previous monthly dividend of $0.12.
Institutional Trading of DoubleLine Yield Opportunities Fund
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.
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