DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.27 and traded as low as $11.06. DoubleLine Income Solutions Fund shares last traded at $11.1270, with a volume of 447,612 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.3%

The stock’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $11.27.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a c) annualized dividend and a dividend yield of 11.9%.

Institutional Trading of DoubleLine Income Solutions Fund

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in DoubleLine Income Solutions Fund by 68.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock valued at $26,517,000 after acquiring an additional 955,010 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the fourth quarter worth $8,466,000. 1607 Capital Partners LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $5,433,000. Independent Financial Group LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the first quarter valued at $3,508,000. Finally, Balyasny Asset Management L.P. increased its stake in DoubleLine Income Solutions Fund by 277.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 416,584 shares of the company’s stock valued at $4,695,000 after purchasing an additional 306,316 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.