DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Above 50-Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.94 and traded as high as $11.04. DoubleLine Income Solutions Fund shares last traded at $10.9450, with a volume of 364,143 shares trading hands.

DoubleLine Income Solutions Fund Trading Down 0.2%

The firm has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $11.11.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter worth about $28,000. Advisory Services Network LLC bought a new position in shares of DoubleLine Income Solutions Fund during the third quarter worth about $86,000. Blue Trust Inc. bought a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter worth about $89,000. Transcend Capital Advisors LLC acquired a new position in DoubleLine Income Solutions Fund in the fourth quarter worth about $120,000. Finally, CIBC Bancorp USA Inc. acquired a new position in DoubleLine Income Solutions Fund in the third quarter worth about $123,000.

DoubleLine Income Solutions Fund Company Profile

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.