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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 657,900 shares, an increase of 6.4% from the September 30th total of 618,400 shares. Based on an average daily volume of 361,600 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently bought and sold shares of DSL. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DoubleLine Income Solutions Fund in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the 2nd quarter valued at approximately $51,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the 2nd quarter valued at approximately $68,000. Allworth Financial LP lifted its position in shares of DoubleLine Income Solutions Fund by 588.6% during the 3rd quarter. Allworth Financial LP now owns 5,908 shares of the company’s stock valued at $77,000 after buying an additional 5,050 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of DoubleLine Income Solutions Fund during the 3rd quarter valued at approximately $104,000.

DoubleLine Income Solutions Fund Trading Up 1.3 %

DoubleLine Income Solutions Fund stock traded up $0.16 during mid-day trading on Friday, hitting $12.71. The company had a trading volume of 991,750 shares, compared to its average volume of 395,291. DoubleLine Income Solutions Fund has a 12-month low of $11.24 and a 12-month high of $13.24. The company’s fifty day moving average is $12.86 and its 200-day moving average is $12.64.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $1.32 annualized dividend and a yield of 10.39%.

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.