DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Down 40.6% in May

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large 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 short-interest ratio is presently 0.3 days.

DoubleLine Income Solutions Fund Price Performance

Shares of NYSE:DSL traded down $0.06 during trading hours on Tuesday, hitting $10.97. The stock had a trading volume of 432,997 shares, compared to its average volume of 575,525. The stock’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $11.15. DoubleLine Income Solutions Fund has a 1-year low of $10.49 and a 1-year high of $12.67.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, June 17th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DSL. Advisory Services Network LLC acquired a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at $86,000. Blue Trust Inc. acquired a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at $89,000. CIBC Bancorp USA Inc. acquired a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at $123,000. Transcend Capital Advisors LLC acquired a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at $120,000. Finally, HRT Financial LP acquired a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at $124,000.

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.