DoubleLine Income Solutions Fund (NYSE:DSL) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.09 and traded as low as $11.32. DoubleLine Income Solutions Fund shares last traded at $11.3650, with a volume of 628,784 shares.

DoubleLine Income Solutions Fund Price Performance

The firm has a fifty day moving average of $11.79 and a 200-day moving average of $12.08.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Wednesday, November 19th were issued a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date was Wednesday, November 19th.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DSL. Eastern Bank purchased a new stake in shares of DoubleLine Income Solutions Fund during the third quarter valued at approximately $37,000. Gridiron Partners LLC grew its holdings in DoubleLine Income Solutions Fund by 2,073.2% during the 3rd quarter. Gridiron Partners LLC now owns 415,869 shares of the company’s stock valued at $51,000 after purchasing an additional 396,733 shares in the last quarter. CX Institutional purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth $63,000. CWM LLC lifted its holdings in DoubleLine Income Solutions Fund by 29.7% in the 1st quarter. CWM LLC now owns 5,130 shares of the company’s stock worth $65,000 after buying an additional 1,176 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in DoubleLine Income Solutions Fund in the 2nd quarter valued at about $70,000.

About DoubleLine Income Solutions Fund

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.