DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $10.80 and traded as low as $9.88. DoubleLine Income Solutions Fund shares last traded at $9.9570, with a volume of 1,102,709 shares changing hands.

DoubleLine Income Solutions Fund Stock Performance

The company’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $10.79.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.11 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $1.32 annualized dividend and a yield of 13.2%.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in shares of DoubleLine Income Solutions Fund in the 2nd quarter worth $22,698,000. Royal Bank of Canada lifted its holdings in shares of DoubleLine Income Solutions Fund by 14.9% during the first quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after purchasing an additional 115,252 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of DoubleLine Income Solutions Fund by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 665,547 shares of the company’s stock valued at $7,208,000 after purchasing an additional 17,242 shares during the period. 1607 Capital Partners LLC acquired a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at $5,433,000. Finally, D.A. Davidson & CO. increased its stake in DoubleLine Income Solutions Fund by 7.9% in the 1st quarter. D.A. Davidson & CO. now owns 467,588 shares of the company’s stock worth $5,064,000 after purchasing an additional 34,351 shares in the last quarter.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Income Solutions Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DSL. The fund seeks to provide a high level of current income while also pursuing total return through investments in a diversified portfolio of fixed-income securities.

The fund may invest across global credit markets, including corporate bonds, emerging-market debt, mortgage- and asset-backed securities, government and sovereign obligations, bank loans, and other income-producing instruments.