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

DoubleLine Income Solutions Fund (NYSE:DSL) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 574,300 shares, a growth of 29.3% from the January 31st total of 444,000 shares. Based on an average daily volume of 399,600 shares, the days-to-cover ratio is currently 1.4 days.

DoubleLine Income Solutions Fund Stock Performance

NYSE DSL traded down $0.05 during mid-day trading on Tuesday, hitting $12.77. The company’s stock had a trading volume of 388,618 shares, compared to its average volume of 399,671. The company’s 50 day simple moving average is $12.67 and its 200 day simple moving average is $12.75. DoubleLine Income Solutions Fund has a twelve month low of $11.85 and a twelve month high of $13.24.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date is Wednesday, March 19th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently made changes to their positions in DSL. Lindbrook Capital LLC lifted its position in DoubleLine Income Solutions Fund by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock valued at $69,000 after acquiring an additional 2,000 shares in the last quarter. Precedent Wealth Partners LLC bought a new position in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at approximately $126,000. Fisher Asset Management LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the third quarter valued at approximately $133,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in DoubleLine Income Solutions Fund during the fourth quarter worth $130,000. Finally, Lido Advisors LLC purchased a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at $138,000.

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.