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

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 538,112 shares, an increase of 160.0% from the June 30th total of 206,984 shares. Based on an average daily volume of 471,994 shares, the short-interest ratio is presently 1.1 days.

DoubleLine Income Solutions Fund Price Performance

DSL stock traded down $0.04 during midday trading on Wednesday, reaching $10.65. The company’s stock had a trading volume of 81,835 shares, compared to its average volume of 572,550. The business’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $11.06. DoubleLine Income Solutions Fund has a 52 week low of $10.49 and a 52 week high of $12.67.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 12.4%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the second quarter worth $28,000. Advisory Services Network LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at approximately $86,000. Blue Trust Inc. acquired a new stake in DoubleLine Income Solutions Fund in the fourth quarter valued at approximately $89,000. Transcend Capital Advisors LLC bought a new stake in DoubleLine Income Solutions Fund during the 4th quarter worth $120,000. Finally, CIBC Bancorp USA Inc. bought a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at 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.