DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Up 6.4% in October

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 657,900 shares, an increase of 6.4% from the September 30th total of 618,400 shares. Based on an average daily volume of 361,600 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSL. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DoubleLine Income Solutions Fund in the third quarter valued at $29,000. EverSource Wealth Advisors LLC purchased a new position in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at about $51,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the second quarter worth about $68,000. Allworth Financial LP increased its stake in shares of DoubleLine Income Solutions Fund by 588.6% during the third quarter. Allworth Financial LP now owns 5,908 shares of the company’s stock worth $77,000 after buying an additional 5,050 shares during the period. Finally, Grove Bank & Trust purchased a new position in DoubleLine Income Solutions Fund in the third quarter worth approximately $104,000.

DoubleLine Income Solutions Fund Stock Up 1.3 %

Shares of DSL stock traded up $0.16 during trading on Friday, hitting $12.71. 991,750 shares of the stock traded hands, compared to its average volume of 395,291. DoubleLine Income Solutions Fund has a 52-week low of $11.24 and a 52-week high of $13.24. The firm’s fifty day moving average price is $12.86 and its 200-day moving average price is $12.64.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date was Wednesday, October 16th.

About DoubleLine Income Solutions Fund

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.