DoubleLine Yield Opportunities Fund (NYSE:DLY) Stock Price Up 0.3% – Time to Buy?

Shares of DoubleLine Yield Opportunities Fund (NYSE:DLY) shot up 0.3% during mid-day trading on Friday . The company traded as high as $15.95 and last traded at $15.93. 82,641 shares were traded during mid-day trading, a decline of 34% from the average session volume of 124,563 shares. The stock had previously closed at $15.89.

DoubleLine Yield Opportunities Fund Stock Performance

The stock has a 50-day simple moving average of $16.10 and a 200 day simple moving average of $16.18.

DoubleLine Yield Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. World Investment Advisors LLC purchased a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter worth approximately $40,941,000. Pathway Financial Advisers LLC raised its stake in DoubleLine Yield Opportunities Fund by 1,569.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 605,257 shares of the company’s stock valued at $10,041,000 after purchasing an additional 569,009 shares during the last quarter. Creekside Partners purchased a new position in DoubleLine Yield Opportunities Fund in the 2nd quarter valued at $1,777,000. B. Riley Wealth Advisors Inc. acquired a new stake in DoubleLine Yield Opportunities Fund during the 3rd quarter worth $284,000. Finally, HighTower Advisors LLC grew its holdings in shares of DoubleLine Yield Opportunities Fund by 2.8% during the third quarter. HighTower Advisors LLC now owns 447,305 shares of the company’s stock worth $7,424,000 after buying an additional 12,197 shares in the last quarter.

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.