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

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 139,353 shares, a decrease of 40.6% from the May 14th total of 234,668 shares. Based on an average trading volume of 488,148 shares, the days-to-cover ratio is presently 0.3 days.

DoubleLine Income Solutions Fund Stock Performance

Shares of DSL traded up $0.05 during mid-day trading on Monday, hitting $11.03. 524,640 shares of the company traded hands, compared to its average volume of 576,787. DoubleLine Income Solutions Fund has a 1-year low of $10.49 and a 1-year high of $12.67. The business has a 50 day moving average of $10.97 and a 200 day moving average of $11.15.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 12.0%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the third quarter valued at about $86,000. Blue Trust Inc. acquired a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at about $89,000. Transcend Capital Advisors LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at about $120,000. CIBC Bancorp USA Inc. acquired a new position in shares of DoubleLine Income Solutions Fund during the third quarter valued at about $123,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the first quarter valued at about $124,000.

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.