DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Passes Below 200-Day Moving Average – Time to Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.15 and traded as low as $11.52. DoubleLine Income Solutions Fund shares last traded at $11.5550, with a volume of 330,812 shares traded.

DoubleLine Income Solutions Fund Stock Up 0.2%

The firm has a 50 day moving average price of $12.09 and a two-hundred day moving average price of $12.15.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Wednesday, November 19th will be given a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Wednesday, November 19th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Institutional investors have recently modified their holdings of the stock. Eastern Bank bought a new position in DoubleLine Income Solutions Fund in the third quarter worth about $37,000. CWM LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 29.7% in the 1st quarter. CWM LLC now owns 5,130 shares of the company’s stock worth $65,000 after purchasing an additional 1,176 shares in the last quarter. CX Institutional bought a new stake in DoubleLine Income Solutions Fund during the third quarter worth approximately $63,000. Ameritas Advisory Services LLC acquired a new position in DoubleLine Income Solutions Fund in the second quarter worth approximately $70,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund during the first quarter valued at $81,000.

DoubleLine Income Solutions Fund Company Profile

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.