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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 634,900 shares, a decline of 14.5% from the February 28th total of 742,600 shares. Based on an average daily volume of 402,900 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC boosted its stake in shares of DoubleLine Income Solutions Fund by 5.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 55,619 shares of the company’s stock valued at $699,000 after purchasing an additional 2,883 shares in the last quarter. Journey Strategic Wealth LLC raised its position in shares of DoubleLine Income Solutions Fund by 100.7% in the 4th quarter. Journey Strategic Wealth LLC now owns 67,050 shares of the company’s stock worth $843,000 after acquiring an additional 33,650 shares in the last quarter. Precedent Wealth Partners LLC purchased a new stake in shares of DoubleLine Income Solutions Fund during the 4th quarter worth $126,000. SeaCrest Wealth Management LLC bought a new stake in DoubleLine Income Solutions Fund during the fourth quarter valued at about $145,000. Finally, Jane Street Group LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter valued at about $171,000.

DoubleLine Income Solutions Fund Price Performance

DSL opened at $12.35 on Friday. DoubleLine Income Solutions Fund has a 12-month low of $11.85 and a 12-month high of $13.24. The business’s fifty day simple moving average is $12.68 and its 200-day simple moving average is $12.71.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 10.69%. The ex-dividend date of this dividend is Wednesday, April 16th.

DoubleLine Income Solutions Fund Company Profile

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.