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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a significant 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 days-to-cover ratio is currently 1.6 days.

DoubleLine Income Solutions Fund Stock Down 0.2 %

DoubleLine Income Solutions Fund stock traded down $0.03 during mid-day trading on Wednesday, reaching $12.55. The company’s stock had a trading volume of 61,037 shares, compared to its average volume of 396,576. The business’s 50 day simple moving average is $12.69 and its 200 day simple moving average is $12.71. DoubleLine Income Solutions Fund has a 12 month low of $11.85 and a 12 month high of $13.24.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 19th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date was Wednesday, March 19th.

Institutional Trading of DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of 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 worth $15,382,000 after purchasing an additional 138,152 shares in the last quarter. Invesco Ltd. grew its position in shares of DoubleLine Income Solutions Fund by 11.0% during the 4th quarter. Invesco Ltd. now owns 879,962 shares of the company’s stock worth $11,061,000 after purchasing an additional 86,867 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DoubleLine Income Solutions Fund by 3.2% during the fourth quarter. Ameriprise Financial Inc. now owns 690,877 shares of the company’s stock worth $8,669,000 after purchasing an additional 21,365 shares during the period. Stifel Financial Corp raised its position in shares of DoubleLine Income Solutions Fund by 11.8% in the fourth quarter. Stifel Financial Corp now owns 685,283 shares of the company’s stock valued at $8,614,000 after buying an additional 72,527 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at approximately $8,321,000.

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.