DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Below 200 Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.07 and traded as low as $10.55. DoubleLine Income Solutions Fund shares last traded at $10.5750, with a volume of 623,087 shares.

DoubleLine Income Solutions Fund Stock Performance

The stock has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $11.07.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of DoubleLine Income Solutions Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its holdings in DoubleLine Income Solutions Fund by 34.9% during the first quarter. Integrated Wealth Concepts LLC now owns 46,365 shares of the company’s stock worth $585,000 after acquiring an additional 12,007 shares in the last quarter. Jane Street Group LLC increased its holdings 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 acquiring an additional 21,111 shares during the last quarter. Invesco Ltd. increased its holdings 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 acquiring an additional 23,669 shares during the last quarter. Baird Financial Group Inc. bought a new stake in DoubleLine Income Solutions Fund in the 2nd quarter valued at $691,000. Finally, NewEdge Advisors LLC lifted its holdings in DoubleLine Income Solutions Fund by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 176,543 shares of the company’s stock valued at $2,161,000 after purchasing an additional 2,896 shares during the last quarter.

DoubleLine Income Solutions Fund Company Profile

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.