DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below 200 Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.02 and traded as low as $10.74. DoubleLine Income Solutions Fund shares last traded at $10.75, with a volume of 700,949 shares trading hands.

DoubleLine Income Solutions Fund Price Performance

The company’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $11.02.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.11 dividend. The ex-dividend date is Wednesday, August 19th. This represents a c) annualized dividend and a yield of 12.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DSL. CoreCap Advisors LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter worth $28,000. Allworth Financial LP purchased a new position in DoubleLine Income Solutions Fund during the second quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new stake in DoubleLine Income Solutions Fund during the second quarter valued at about $67,000. Advisory Services Network LLC bought a new stake in DoubleLine Income Solutions Fund during the third quarter valued at about $86,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in DoubleLine Income Solutions Fund in the third quarter worth about $123,000.

DoubleLine Income Solutions Fund Company Profile

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.