Short Interest in DoubleLine Income Solutions Fund (NYSE:DSL) Rises By 94.4%

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 234,668 shares, a growth of 94.4% from the April 30th total of 120,744 shares. Based on an average daily volume of 522,757 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of DoubleLine Income Solutions Fund by 1.7% in 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 period. Baird Financial Group Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at about $691,000. Integrated Wealth Concepts LLC raised its stake in shares of DoubleLine Income Solutions Fund by 34.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 46,365 shares of the company’s stock valued at $585,000 after purchasing an additional 12,007 shares during the period. Jane Street Group LLC raised its stake in shares of DoubleLine Income Solutions Fund by 128.3% in the 1st quarter. Jane Street Group LLC now owns 37,564 shares of the company’s stock valued at $474,000 after purchasing an additional 21,111 shares during the period. Finally, Kovack Advisors Inc. raised its stake in shares of DoubleLine Income Solutions Fund by 33.7% in the 4th quarter. Kovack Advisors Inc. now owns 21,284 shares of the company’s stock valued at $240,000 after purchasing an additional 5,369 shares during the period.

DoubleLine Income Solutions Fund Stock Performance

NYSE:DSL opened at $10.97 on Tuesday. DoubleLine Income Solutions Fund has a 12-month low of $10.49 and a 12-month high of $12.67. The stock’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $11.18.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, June 17th. This represents a c) annualized dividend and a yield of 12.0%.

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.