Short Interest in DoubleLine Income Solutions Fund (NYSE:DSL) Rises By 29.3%

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 574,300 shares, a growth of 29.3% from the January 31st total of 444,000 shares. Based on an average daily volume of 399,600 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSL. Fisher Asset Management LLC bought a new stake in DoubleLine Income Solutions Fund during the third quarter valued at $133,000. Activest Wealth Management grew its position in shares of DoubleLine Income Solutions Fund by 8.0% during the 3rd quarter. Activest Wealth Management now owns 144,372 shares of the company’s stock worth $1,874,000 after buying an additional 10,731 shares during the period. Intellectus Partners LLC increased its stake in shares of DoubleLine Income Solutions Fund by 18.8% in the 3rd quarter. Intellectus Partners LLC now owns 446,837 shares of the company’s stock valued at $5,800,000 after acquiring an additional 70,633 shares in the last quarter. Bell Bank bought a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at $177,000. Finally, GHE LLC lifted its position in shares of DoubleLine Income Solutions Fund by 4.7% during the 3rd quarter. GHE LLC now owns 22,150 shares of the company’s stock valued at $275,000 after acquiring an additional 1,000 shares during the period.

DoubleLine Income Solutions Fund Price Performance

Shares of NYSE:DSL traded up $0.01 during mid-day trading on Thursday, reaching $12.74. 105,827 shares of the company’s stock were exchanged, compared to its average volume of 398,581. DoubleLine Income Solutions Fund has a twelve month low of $11.85 and a twelve month high of $13.24. The business’s fifty day moving average price is $12.67 and its 200-day moving average price is $12.75.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.37%.

About DoubleLine Income Solutions Fund

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.