DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Down 0.5% – Here’s What Happened

DoubleLine Yield Opportunities Fund (NYSE:DLY)’s stock price was down 0.5% during mid-day trading on Monday . The stock traded as low as $14.65 and last traded at $14.6960. Approximately 212,466 shares traded hands during mid-day 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 Stock Performance

The firm’s 50-day simple moving average is $14.72 and its 200 day simple moving average is $14.91.

DoubleLine Yield Opportunities Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in shares of DoubleLine Yield Opportunities Fund by 20.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,366,711 shares of the company’s stock valued at $34,412,000 after acquiring an additional 402,798 shares during the period. Sit Investment Associates Inc. acquired a new stake in shares of DoubleLine Yield Opportunities Fund in the 4th quarter worth approximately $15,749,000. Royal Bank of Canada increased its stake in DoubleLine Yield Opportunities Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 579,578 shares of the company’s stock valued at $9,331,000 after purchasing an additional 64,369 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in DoubleLine Yield Opportunities Fund during the fourth quarter worth $8,083,000. Finally, Gridiron Partners LLC raised its holdings in DoubleLine Yield Opportunities Fund by 1,843.9% during the third quarter. Gridiron Partners LLC now owns 526,146 shares of the company’s stock worth $79,000 after purchasing an additional 499,080 shares during the last quarter.

DoubleLine Yield Opportunities Fund Company Profile

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.