DoubleLine Income Solutions Fund (NYSE:DSL) Sees Significant Decrease in Short Interest

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 121,536 shares, a decrease of 77.4% from the July 15th total of 538,112 shares. Based on an average trading volume of 652,219 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently made changes to their positions in DSL. CoreCap Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter worth about $28,000. Allworth Financial LP acquired a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at about $67,000. Advisory Services Network LLC bought a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $86,000. Finally, Transcend Capital Advisors LLC bought a new stake in DoubleLine Income Solutions Fund during the 4th quarter worth approximately $120,000.

DoubleLine Income Solutions Fund Trading Up 0.3%

Shares of NYSE:DSL traded up $0.04 during trading on Friday, reaching $10.84. The stock had a trading volume of 374,327 shares, compared to its average volume of 564,567. The firm’s fifty day moving average is $10.82 and its 200 day moving average is $11.01. DoubleLine Income Solutions Fund has a 52 week low of $10.49 and a 52 week high of $12.67.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 12.2%.

About DoubleLine Income Solutions Fund

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.