DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below 200 Day Moving Average – Time to Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.85 and traded as low as $10.11. DoubleLine Income Solutions Fund shares last traded at $10.1750, with a volume of 545,557 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The company has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $10.84.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.11 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of DoubleLine Income Solutions Fund

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of DoubleLine Income Solutions Fund during the second quarter worth approximately $22,698,000. Royal Bank of Canada raised its stake in DoubleLine Income Solutions Fund by 14.9% during the 1st quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after acquiring an additional 115,252 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in DoubleLine Income Solutions Fund by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 665,547 shares of the company’s stock valued at $7,208,000 after acquiring an additional 17,242 shares in the last quarter. 1607 Capital Partners LLC acquired a new position in DoubleLine Income Solutions Fund during the 4th quarter worth $5,433,000. Finally, D.A. Davidson & CO. boosted its position in DoubleLine Income Solutions Fund by 7.9% during the 1st quarter. D.A. Davidson & CO. now owns 467,588 shares of the company’s stock worth $5,064,000 after acquiring an additional 34,351 shares during the period.

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.