DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Up 5.5% in March

DoubleLine Income Solutions Fund (NYSE:DSLGet Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,160,000 shares, an increase of 5.5% from the February 29th total of 1,100,000 shares. Based on an average daily volume of 414,000 shares, the days-to-cover ratio is presently 2.8 days.

DoubleLine Income Solutions Fund Stock Up 0.2 %

DSL stock opened at $12.73 on Thursday. The business has a 50-day simple moving average of $12.66 and a 200 day simple moving average of $12.03. DoubleLine Income Solutions Fund has a 52 week low of $10.22 and a 52 week high of $12.96.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date is Wednesday, April 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DSL. Raymond James & Associates grew its position in DoubleLine Income Solutions Fund by 7.7% in the first quarter. Raymond James & Associates now owns 197,543 shares of the company’s stock valued at $2,868,000 after acquiring an additional 14,101 shares during the last quarter. Bank of New York Mellon Corp bought a new position in DoubleLine Income Solutions Fund in the first quarter valued at about $170,000. Baird Financial Group Inc. grew its position in DoubleLine Income Solutions Fund by 199.3% in the first quarter. Baird Financial Group Inc. now owns 91,451 shares of the company’s stock valued at $1,328,000 after acquiring an additional 60,894 shares during the last quarter. NewEdge Advisors LLC grew its position in DoubleLine Income Solutions Fund by 9.6% in the first quarter. NewEdge Advisors LLC now owns 115,265 shares of the company’s stock valued at $1,673,000 after acquiring an additional 10,081 shares during the last quarter. Finally, First Trust Advisors LP grew its position in DoubleLine Income Solutions Fund by 3.2% in the first quarter. First Trust Advisors LP now owns 217,409 shares of the company’s stock valued at $3,157,000 after acquiring an additional 6,830 shares during the last quarter.

About DoubleLine Income Solutions Fund

(Get Free Report)

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.

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