Short Interest in DoubleLine Income Solutions Fund (NYSE:DSL) Rises By 8.7%

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 532,500 shares, a growth of 8.7% from the December 31st total of 490,100 shares. Based on an average daily volume of 453,600 shares, the short-interest ratio is presently 1.2 days.

DoubleLine Income Solutions Fund Stock Performance

Shares of NYSE:DSL opened at $12.67 on Tuesday. The business has a 50 day moving average of $12.66 and a 200-day moving average of $12.73. DoubleLine Income Solutions Fund has a 12-month low of $11.85 and a 12-month high of $13.24.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend was Wednesday, January 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in shares of DoubleLine Income Solutions Fund by 74.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 46,539 shares of the company’s stock valued at $583,000 after acquiring an additional 19,914 shares during the period. Cetera Investment Advisers boosted its stake in shares of DoubleLine Income Solutions Fund by 7.8% during the second quarter. Cetera Investment Advisers now owns 183,195 shares of the company’s stock valued at $2,294,000 after purchasing an additional 13,186 shares during the period. Sage Capital Advisors llc boosted its holdings in DoubleLine Income Solutions Fund by 3.9% in the third quarter. Sage Capital Advisors llc now owns 47,187 shares of the company’s stock valued at $612,000 after acquiring an additional 1,759 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter worth about $29,000. Finally, Grove Bank & Trust bought a new stake in DoubleLine Income Solutions Fund during the 3rd quarter valued at about $104,000.

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.