DoubleLine Income Solutions Fund (NYSE:DSL) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.95 and traded as low as $10.64. DoubleLine Income Solutions Fund shares last traded at $10.65, with a volume of 582,266 shares traded.

DoubleLine Income Solutions Fund Stock Up 0.2%

The firm has a fifty day moving average of $10.77 and a 200 day moving average of $10.95.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DSL. CoreCap Advisors LLC purchased a new stake in DoubleLine Income Solutions Fund during the second quarter worth approximately $28,000. Allworth Financial LP purchased a new position in DoubleLine Income Solutions Fund in the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. purchased a new position in DoubleLine Income Solutions Fund in the second quarter valued at approximately $67,000. Advisory Services Network LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter valued at approximately $86,000. Finally, Pinnacle Family Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund during the second quarter worth approximately $119,000.

About DoubleLine Income Solutions Fund

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.