DoubleLine Yield Opportunities Fund (NYSE:DLY) Short Interest Up 155.0% in November

DoubleLine Yield Opportunities Fund (NYSE:DLY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 305,500 shares, a growth of 155.0% from the October 31st total of 119,800 shares. Based on an average daily volume of 164,500 shares, the days-to-cover ratio is currently 1.9 days.

DoubleLine Yield Opportunities Fund Stock Up 0.7 %

DLY stock opened at $16.42 on Thursday. DoubleLine Yield Opportunities Fund has a fifty-two week low of $14.33 and a fifty-two week high of $16.90. The business has a 50-day moving average of $16.27 and a 200-day moving average of $16.08.

DoubleLine Yield Opportunities Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Wednesday, November 13th.

Hedge Funds Weigh In On DoubleLine Yield Opportunities Fund

Several hedge funds have recently made changes to their positions in DLY. Creekside Partners lifted its position in shares of DoubleLine Yield Opportunities Fund by 0.6% in the third quarter. Creekside Partners now owns 113,219 shares of the company’s stock worth $1,878,000 after purchasing an additional 623 shares in the last quarter. Moors & Cabot Inc. increased its stake in DoubleLine Yield Opportunities Fund by 4.6% in the 3rd quarter. Moors & Cabot Inc. now owns 22,800 shares of the company’s stock valued at $378,000 after buying an additional 1,000 shares during the last quarter. FSA Wealth Management LLC bought a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter worth about $26,000. Shaker Financial Services LLC boosted its stake in shares of DoubleLine Yield Opportunities Fund by 15.8% during the 2nd quarter. Shaker Financial Services LLC now owns 13,431 shares of the company’s stock worth $212,000 after buying an additional 1,831 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of DoubleLine Yield Opportunities Fund in the 2nd quarter valued at about $31,000.

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.