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

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 139,353 shares, a decrease of 40.6% from the May 14th total of 234,668 shares. Based on an average daily trading volume, of 488,148 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DSL. Integrated Wealth Concepts LLC increased its holdings in DoubleLine Income Solutions Fund by 34.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 46,365 shares of the company’s stock worth $585,000 after buying an additional 12,007 shares during the period. Jane Street Group LLC grew its stake in shares of DoubleLine Income Solutions Fund by 128.3% during the 1st quarter. Jane Street Group LLC now owns 37,564 shares of the company’s stock worth $474,000 after purchasing an additional 21,111 shares during the period. Invesco Ltd. grew its stake in shares of DoubleLine Income Solutions Fund by 2.6% during the 2nd quarter. Invesco Ltd. now owns 935,733 shares of the company’s stock worth $11,453,000 after purchasing an additional 23,669 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund during the 2nd quarter worth approximately $691,000. Finally, NewEdge Advisors LLC grew its stake in shares of DoubleLine Income Solutions Fund by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 176,543 shares of the company’s stock worth $2,161,000 after purchasing an additional 2,896 shares during the period.

DoubleLine Income Solutions Fund Price Performance

NYSE:DSL traded up $0.05 during midday trading on Monday, hitting $11.03. The company’s stock had a trading volume of 524,640 shares, compared to its average volume of 576,787. DoubleLine Income Solutions Fund has a fifty-two week low of $10.49 and a fifty-two week high of $12.67. The firm’s 50 day moving average is $10.97 and its 200-day moving average is $11.15.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a $0.11 dividend. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date is Wednesday, June 17th.

About DoubleLine Income Solutions Fund

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.