DoubleLine Income Solutions Fund (NYSE:DSL) Sees Large Increase in Short Interest

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 742,600 shares, a growth of 29.3% from the February 13th total of 574,300 shares. Based on an average daily volume of 407,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of DoubleLine Income Solutions Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. GHE LLC lifted its position in DoubleLine Income Solutions Fund by 72.5% during the 4th quarter. GHE LLC now owns 38,200 shares of the company’s stock worth $480,000 after acquiring an additional 16,050 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of DoubleLine Income Solutions Fund by 116.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 46,954 shares of the company’s stock worth $590,000 after buying an additional 25,283 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of DoubleLine Income Solutions Fund by 7.3% during the 4th quarter. Cetera Investment Advisers now owns 213,214 shares of the company’s stock worth $2,680,000 after buying an additional 14,527 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DoubleLine Income Solutions Fund by 3.2% during the 4th quarter. Ameriprise Financial Inc. now owns 690,877 shares of the company’s stock worth $8,669,000 after buying an additional 21,365 shares in the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the 4th quarter worth approximately $236,000.

DoubleLine Income Solutions Fund Stock Down 0.4 %

Shares of DoubleLine Income Solutions Fund stock traded down $0.05 on Tuesday, hitting $12.61. The stock had a trading volume of 341,055 shares, compared to its average volume of 385,971. DoubleLine Income Solutions Fund has a 52-week low of $11.85 and a 52-week high of $13.24. The company’s 50 day moving average price is $12.69 and its 200 day moving average price is $12.74.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.32 dividend on an annualized basis and a yield of 10.47%.

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.