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

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed 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 traded.

DoubleLine Income Solutions Fund Price Performance

The business 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. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of DoubleLine Income Solutions Fund by 255.8% in the 1st quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock valued at $17,494,000 after purchasing an additional 1,161,330 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of 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 purchasing an additional 955,010 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at approximately $8,466,000. 1607 Capital Partners LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 4th quarter valued at approximately $5,433,000. Finally, Independent Financial Group LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 1st quarter valued at approximately $3,508,000.

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.