DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.61 and traded as low as $10.91. DoubleLine Income Solutions Fund shares last traded at $10.9450, with a volume of 592,711 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The stock has a 50-day moving average price of $11.34 and a 200-day moving average price of $11.59.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 18th. This represents a c) annualized dividend and a yield of 12.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DSL. Eastern Bank acquired a new stake in shares of DoubleLine Income Solutions Fund during the third quarter worth $37,000. Gridiron Partners LLC lifted its holdings in DoubleLine Income Solutions Fund by 2,073.2% in the third quarter. Gridiron Partners LLC now owns 415,869 shares of the company’s stock valued at $51,000 after buying an additional 396,733 shares during the period. CX Institutional bought a new stake in DoubleLine Income Solutions Fund during the third quarter valued at $63,000. Advisory Services Network LLC bought a new stake in DoubleLine Income Solutions Fund during the third quarter valued at $86,000. Finally, Blue Trust Inc. acquired a new stake in DoubleLine Income Solutions Fund during the 4th quarter worth about $89,000.

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.