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

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.98 and traded as low as $10.53. DoubleLine Income Solutions Fund shares last traded at $10.57, with a volume of 669,285 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The business has a 50-day moving average of $10.80 and a 200 day moving average of $10.98.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, August 19th.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund during the second quarter worth approximately $28,000. Allworth Financial LP acquired a new position in DoubleLine Income Solutions Fund in the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. acquired a new position in DoubleLine Income Solutions Fund in the 2nd quarter valued at $67,000. Advisory Services Network LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth $86,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth $123,000.

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.