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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 742,600 shares, an increase of 29.3% from the February 13th total of 574,300 shares. Based on an average daily trading volume, of 407,500 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently bought and sold shares of DSL. Raymond James Financial Inc. purchased a new position in DoubleLine Income Solutions Fund in the 4th quarter valued at approximately $8,321,000. Wells Fargo & Company MN grew its holdings in DoubleLine Income Solutions Fund by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,223,724 shares of the company’s stock valued at $15,382,000 after buying an additional 138,152 shares during the last quarter. Sovran Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund during the 4th quarter valued at $1,170,000. Invesco Ltd. grew its holdings in DoubleLine Income Solutions Fund by 11.0% during the 4th quarter. Invesco Ltd. now owns 879,962 shares of the company’s stock valued at $11,061,000 after buying an additional 86,867 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in DoubleLine Income Solutions Fund during the 4th quarter valued at $928,000.

DoubleLine Income Solutions Fund Stock Performance

NYSE DSL traded down $0.05 during mid-day trading on Tuesday, hitting $12.61. The stock had a trading volume of 341,055 shares, compared to its average volume of 385,971. DoubleLine Income Solutions Fund has a 52-week low of $11.85 and a 52-week high of $13.24. The company has a 50 day simple moving average of $12.69 and a 200 day simple moving average of $12.74.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 10.47%. The ex-dividend date of this dividend is Wednesday, March 19th.

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.