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

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

DoubleLine Income Solutions Fund Stock Down 0.3%

DSL opened at $10.65 on Monday. DoubleLine Income Solutions Fund has a twelve month low of $10.49 and a twelve month high of $12.67. The company has a fifty day simple moving average of $10.77 and a 200 day simple moving average of $10.95.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.11 per share. 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.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in shares of DoubleLine Income Solutions Fund by 68.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock worth $26,517,000 after buying an additional 955,010 shares during the last quarter. Bank of America Corp DE bought a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at $22,698,000. Invesco Ltd. boosted its stake in DoubleLine Income Solutions Fund by 9.9% during the 4th quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock valued at $12,476,000 after acquiring an additional 99,870 shares during the last quarter. UBS Group AG grew its holdings in DoubleLine Income Solutions Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after acquiring an additional 39,491 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of DoubleLine Income Solutions Fund by 14.9% in the 1st 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 in the last quarter.

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.