DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Update

DoubleLine Income Solutions Fund (NYSE:DSL) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 75,302 shares, a drop of 38.0% from the July 30th total of 121,536 shares. Based on an average daily volume of 441,893 shares, the days-to-cover ratio is presently 0.2 days.

DoubleLine Income Solutions Fund Price Performance

Shares of DSL stock opened at $10.65 on Monday. DoubleLine Income Solutions Fund has a 12-month low of $10.49 and a 12-month high of $12.67. The business has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $10.95.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the second quarter valued at $28,000. Allworth Financial LP acquired a new position in DoubleLine Income Solutions Fund during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in DoubleLine Income Solutions Fund in the second quarter worth about $67,000. Advisory Services Network LLC bought a new stake in DoubleLine Income Solutions Fund in the third quarter worth about $86,000. Finally, Pinnacle Family Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund in the 2nd quarter valued at about $119,000.

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.