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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 120,744 shares, a decline of 60.0% from the April 15th total of 302,075 shares. Based on an average daily volume of 465,312 shares, the days-to-cover ratio is presently 0.3 days.

DoubleLine Income Solutions Fund Price Performance

Shares of DSL traded down $0.19 on Friday, hitting $10.76. The company’s stock had a trading volume of 813,950 shares, compared to its average volume of 607,988. The firm’s fifty day moving average price is $10.96 and its 200-day moving average price is $11.24. DoubleLine Income Solutions Fund has a fifty-two week low of $10.49 and a fifty-two week high of $12.67.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be given a $0.11 dividend. The ex-dividend date is Wednesday, May 13th. This represents a c) annualized dividend and a dividend yield of 12.3%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Large investors have recently bought and sold shares of the company. Eastern Bank acquired a new position in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $37,000. Advisory Services Network LLC acquired a new position in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $86,000. Blue Trust Inc. acquired a new position in DoubleLine Income Solutions Fund during the 4th quarter worth approximately $89,000. Transcend Capital Advisors LLC acquired a new position in DoubleLine Income Solutions Fund during the 4th quarter worth approximately $120,000. Finally, CIBC Bancorp USA Inc. acquired a new position in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $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.