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

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 742,600 shares, an increase of 29.3% from the February 13th total of 574,300 shares. Based on an average daily trading volume, of 407,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors have recently modified their holdings of DSL. Wells Fargo & Company MN raised its stake in DoubleLine Income Solutions Fund by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,223,724 shares of the company’s stock worth $15,382,000 after acquiring an additional 138,152 shares during the period. Invesco Ltd. raised its stake in DoubleLine Income Solutions Fund by 11.0% during the fourth quarter. Invesco Ltd. now owns 879,962 shares of the company’s stock worth $11,061,000 after acquiring an additional 86,867 shares during the period. Ameriprise Financial Inc. raised its stake in DoubleLine Income Solutions Fund by 3.2% during the fourth quarter. Ameriprise Financial Inc. now owns 690,877 shares of the company’s stock worth $8,669,000 after acquiring an additional 21,365 shares during the period. Stifel Financial Corp raised its stake in DoubleLine Income Solutions Fund by 11.8% during the fourth quarter. Stifel Financial Corp now owns 685,283 shares of the company’s stock worth $8,614,000 after acquiring an additional 72,527 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in DoubleLine Income Solutions Fund during the fourth quarter worth about $8,321,000.

DoubleLine Income Solutions Fund Stock Performance

Shares of DoubleLine Income Solutions Fund stock traded down $0.03 during trading on Monday, reaching $12.62. The company had a trading volume of 441,214 shares, compared to its average volume of 397,799. The firm’s fifty day moving average is $12.69 and its 200-day moving average is $12.74. DoubleLine Income Solutions Fund has a fifty-two week low of $11.85 and a fifty-two week high of $13.24.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 19th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.46%.

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.