DoubleLine Yield Opportunities Fund (NYSE:DLY) Trading Up 0.6% – What’s Next?

DoubleLine Yield Opportunities Fund (NYSE:DLY) was up 0.6% on Tuesday . The company traded as high as $16.10 and last traded at $16.04. Approximately 107,880 shares were traded during trading, a decline of 34% from the average daily volume of 162,449 shares. The stock had previously closed at $15.94.

DoubleLine Yield Opportunities Fund Stock Up 0.6 %

The firm’s fifty day moving average price is $16.20 and its 200 day moving average price is $16.16.

DoubleLine Yield Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, December 18th.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FSA Wealth Management LLC purchased a new stake in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter worth $26,000. Asset Dedication LLC acquired a new position in shares of DoubleLine Yield Opportunities Fund during the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter valued at about $35,000. Westend Capital Management LLC acquired a new stake in shares of DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $114,000. Finally, Empirical Asset Management LLC purchased a new stake in DoubleLine Yield Opportunities Fund during the third quarter worth approximately $184,000.

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.