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

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 121,536 shares, a drop of 77.4% from the July 15th total of 538,112 shares. Based on an average trading volume of 652,219 shares, the days-to-cover ratio is presently 0.2 days.

DoubleLine Income Solutions Fund Trading Up 0.3%

DSL stock traded up $0.04 during trading on Friday, reaching $10.84. 374,327 shares of the company’s stock were exchanged, compared to its average volume of 564,567. DoubleLine Income Solutions Fund has a 1-year low of $10.49 and a 1-year high of $12.67. The company’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.01.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, August 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. CoreCap Advisors LLC bought a new position in shares of DoubleLine Income Solutions Fund in the second quarter valued at approximately $28,000. Allworth Financial LP bought a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of DoubleLine Income Solutions Fund during the 2nd quarter valued at $67,000. Advisory Services Network LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter worth $86,000. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $120,000.

About DoubleLine Income Solutions Fund

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.