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

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a significant increase in short interest in 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 volume of 407,500 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently modified their holdings of DSL. Activest Wealth Management lifted its holdings in shares of DoubleLine Income Solutions Fund by 8.0% during the third quarter. Activest Wealth Management now owns 144,372 shares of the company’s stock worth $1,874,000 after purchasing an additional 10,731 shares during the period. Fisher Asset Management LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter worth $133,000. Pin Oak Investment Advisors Inc. raised its position in DoubleLine Income Solutions Fund by 1.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 43,365 shares of the company’s stock worth $562,000 after acquiring an additional 800 shares in the last quarter. Walleye Capital LLC raised its position in DoubleLine Income Solutions Fund by 6.3% in the third quarter. Walleye Capital LLC now owns 47,262 shares of the company’s stock worth $613,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter worth $675,000.

DoubleLine Income Solutions Fund Stock Down 0.4 %

Shares of NYSE DSL opened at $12.61 on Wednesday. The stock has a fifty day moving average price of $12.69 and a 200 day moving average price of $12.74. DoubleLine Income Solutions Fund has a 1-year low of $11.85 and a 1-year high of $13.24.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend is Wednesday, March 19th.

DoubleLine Income Solutions Fund Company Profile

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.