DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Up 160.0% in July

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 538,112 shares, an increase of 160.0% from the June 30th total of 206,984 shares. Based on an average daily volume of 471,994 shares, the short-interest ratio is presently 1.1 days.

DoubleLine Income Solutions Fund Price Performance

Shares of DSL stock traded down $0.01 during trading hours on Tuesday, reaching $10.69. The company’s stock had a trading volume of 475,430 shares, compared to its average volume of 576,250. DoubleLine Income Solutions Fund has a one year low of $10.49 and a one year high of $12.67. The firm’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $11.06.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 12.4%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of DoubleLine Income Solutions Fund by 14.9% in the 1st quarter. NewEdge Advisors LLC now owns 187,974 shares of the company’s stock worth $2,036,000 after acquiring an additional 24,416 shares in the last quarter. Matrix Private Capital Group LLC bought a new stake in shares of DoubleLine Income Solutions Fund during the first quarter valued at approximately $1,079,000. Kestra Advisory Services LLC boosted its position in shares of DoubleLine Income Solutions Fund by 1.7% during the first quarter. Kestra Advisory Services LLC now owns 117,645 shares of the company’s stock valued at $1,274,000 after purchasing an additional 1,998 shares in the last quarter. Parallel Advisors LLC grew its stake in DoubleLine Income Solutions Fund by 22.2% in the first quarter. Parallel Advisors LLC now owns 254,851 shares of the company’s stock worth $2,760,000 after purchasing an additional 46,309 shares during the period. Finally, World Equity Group Inc. grew its stake in DoubleLine Income Solutions Fund by 13.4% in the first quarter. World Equity Group Inc. now owns 18,580 shares of the company’s stock worth $201,000 after purchasing an additional 2,200 shares during the period.

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.