DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.73 and traded as low as $11.47. DoubleLine Income Solutions Fund shares last traded at $11.4850, with a volume of 295,724 shares.

DoubleLine Income Solutions Fund Price Performance

The stock has a 50-day moving average of $11.38 and a 200 day moving average of $11.73.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be issued a $0.11 dividend. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Wednesday, February 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. acquired a new stake in DoubleLine Income Solutions Fund during the 4th quarter worth about $1,272,000. Virtu Financial LLC lifted its holdings in shares of DoubleLine Income Solutions Fund by 25.8% in the 4th quarter. Virtu Financial LLC now owns 21,345 shares of the company’s stock valued at $241,000 after buying an additional 4,379 shares during the period. Invesco Ltd. boosted its stake in shares of DoubleLine Income Solutions Fund by 9.9% in the fourth quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock worth $12,476,000 after buying an additional 99,870 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of DoubleLine Income Solutions Fund by 4.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,424 shares of the company’s stock worth $320,000 after buying an additional 1,174 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in DoubleLine Income Solutions Fund during the fourth quarter worth about $305,000.

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.