DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Down 38.0% in August

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 75,302 shares, a decline of 38.0% from the July 30th total of 121,536 shares. Based on an average trading volume of 441,893 shares, the days-to-cover ratio is currently 0.2 days.

DoubleLine Income Solutions Fund Stock Down 0.6%

DoubleLine Income Solutions Fund stock traded down $0.06 during trading on Tuesday, reaching $10.58. 710,548 shares of the company’s stock were exchanged, compared to its average volume of 567,700. DoubleLine Income Solutions Fund has a 52-week low of $10.49 and a 52-week high of $12.67. The company’s 50-day moving average is $10.77 and its two-hundred day moving average is $10.93.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 12.5%.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 6.6% during the 2nd quarter. HighTower Advisors LLC now owns 442,787 shares of the company’s stock valued at $4,897,000 after buying an additional 27,351 shares during the period. Readystate Asset Management LP acquired a new position in DoubleLine Income Solutions Fund during the 2nd quarter worth approximately $145,000. Rareview Capital LLC boosted its holdings in DoubleLine Income Solutions Fund by 118.2% in the 2nd quarter. Rareview Capital LLC now owns 166,033 shares of the company’s stock worth $2,032,000 after acquiring an additional 89,938 shares during the period. Susquehanna International Group LLP boosted its holdings in DoubleLine Income Solutions Fund by 71.4% in the 2nd quarter. Susquehanna International Group LLP now owns 67,480 shares of the company’s stock worth $746,000 after acquiring an additional 28,117 shares during the period. Finally, Rivernorth Capital Management LLC grew its position in DoubleLine Income Solutions Fund by 14.7% in the second quarter. Rivernorth Capital Management LLC now owns 170,093 shares of the company’s stock valued at $1,881,000 after acquiring an additional 21,835 shares in the last quarter.

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.