DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of 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 $11.16 and traded as low as $10.77. DoubleLine Income Solutions Fund shares last traded at $10.8350, with a volume of 500,268 shares.

DoubleLine Income Solutions Fund Trading Down 0.3%

The stock has a 50 day moving average of $10.96 and a 200-day moving average of $11.16.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Wednesday, June 17th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $86,000. Blue Trust Inc. purchased a new position in DoubleLine Income Solutions Fund during the 4th quarter worth $89,000. Transcend Capital Advisors LLC purchased a new position in DoubleLine Income Solutions Fund during the 4th quarter worth $120,000. CIBC Bancorp USA Inc. purchased a new position in DoubleLine Income Solutions Fund during the 3rd quarter worth $123,000. Finally, Kestra Private Wealth Services LLC purchased a new position in DoubleLine Income Solutions Fund during the 1st quarter worth $124,000.

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.