DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Down 77.4% in July

DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 121,536 shares, a drop of 77.4% from the July 15th total of 538,112 shares. Based on an average daily volume of 652,219 shares, the short-interest ratio is presently 0.2 days.

DoubleLine Income Solutions Fund Stock Performance

DSL traded up $0.06 during trading on Thursday, hitting $10.79. The stock had a trading volume of 306,324 shares, compared to its average volume of 565,801. The company has a 50 day moving average price of $10.82 and a 200-day moving average price of $11.01. DoubleLine Income Solutions Fund has a one year low of $10.49 and a one year high of $12.67.

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DoubleLine Income Solutions Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently modified their holdings of DSL. CoreCap Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund in the 2nd quarter worth about $28,000. Allworth Financial LP acquired a new position in shares of DoubleLine Income Solutions Fund during the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of DoubleLine Income Solutions Fund during the second quarter worth approximately $67,000. Advisory Services Network LLC bought a new position in shares of DoubleLine Income Solutions Fund during the third quarter worth approximately $86,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund in the third quarter valued at approximately $123,000.

DoubleLine Income Solutions Fund Company Profile

(Get Free Report)

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.

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