DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Passes Below 200 Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.41 and traded as low as $12.18. DoubleLine Income Solutions Fund shares last traded at $12.22, with a volume of 456,645 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.7%

The firm has a 50 day moving average of $12.03 and a two-hundred day moving average of $12.41.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a jun 25 dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a $0.11 dividend. This represents a yield of 10.8%. The ex-dividend date of this dividend is Wednesday, June 18th.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently bought and sold shares of DSL. CWM LLC increased its stake in DoubleLine Income Solutions Fund by 29.7% in the 1st quarter. CWM LLC now owns 5,130 shares of the company’s stock valued at $65,000 after purchasing an additional 1,176 shares in the last quarter. Lindbrook Capital LLC increased its position in DoubleLine Income Solutions Fund by 57.1% during the fourth quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock worth $69,000 after buying an additional 2,000 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of DoubleLine Income Solutions Fund in the first quarter worth $81,000. Lido Advisors LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $138,000. Finally, World Equity Group Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $145,000.

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.