DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 291,222 shares, a growth of 157.2% from the September 30th total of 113,231 shares. Based on an average daily trading volume, of 908,252 shares, the days-to-cover ratio is presently 0.3 days.
DoubleLine Income Solutions Fund Stock Up 1.0%
NYSE:DSL opened at $9.88 on Friday. The business’s 50 day moving average is $10.13 and its two-hundred day moving average is $10.80. DoubleLine Income Solutions Fund has a 52 week low of $9.61 and a 52 week high of $11.83.
DoubleLine Income Solutions Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Wednesday, October 14th.
Hedge Funds Weigh In On DoubleLine Income Solutions Fund
Several large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in DoubleLine Income Solutions Fund by 37.7% in the third quarter. D.A. Davidson & CO. now owns 924,874 shares of the company’s stock worth $9,249,000 after purchasing an additional 253,116 shares during the period. Sowell Financial Services LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 128.5% during the third quarter. Sowell Financial Services LLC now owns 69,392 shares of the company’s stock worth $694,000 after purchasing an additional 39,029 shares during the period. Approach Retirement Advisors LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 3.2% during the third quarter. Approach Retirement Advisors LLC now owns 35,848 shares of the company’s stock worth $358,000 after purchasing an additional 1,109 shares during the period. Prairie Advisory LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 103.7% during the third quarter. Prairie Advisory LLC now owns 30,788 shares of the company’s stock worth $308,000 after purchasing an additional 15,670 shares during the period. Finally, Pension & Wealth Management Advisors Inc. lifted its position in shares of DoubleLine Income Solutions Fund by 6.0% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 52,298 shares of the company’s stock worth $523,000 after buying an additional 2,952 shares during the last quarter.
About DoubleLine Income Solutions Fund
DoubleLine Income Solutions Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DSL. The fund seeks to provide a high level of current income while also pursuing total return through investments in a diversified portfolio of fixed-income securities.
The fund may invest across global credit markets, including corporate bonds, emerging-market debt, mortgage- and asset-backed securities, government and sovereign obligations, bank loans, and other income-producing instruments.
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