Short Interest in DoubleLine Income Solutions Fund (NYSE:DSL) Decreases By 60.0%

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 120,744 shares, a decline of 60.0% from the April 15th total of 302,075 shares. Based on an average daily volume of 465,312 shares, the days-to-cover ratio is currently 0.3 days.

DoubleLine Income Solutions Fund Trading Down 1.7%

DSL stock traded down $0.19 during trading on Friday, hitting $10.76. The stock had a trading volume of 813,950 shares, compared to its average volume of 607,988. The company’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.24. DoubleLine Income Solutions Fund has a 1-year low of $10.49 and a 1-year high of $12.67.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a c) annualized dividend and a yield of 12.3%.

Institutional Trading of DoubleLine Income Solutions Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSL. Integrated Wealth Concepts LLC grew its holdings in DoubleLine Income Solutions Fund by 34.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 46,365 shares of the company’s stock valued at $585,000 after buying an additional 12,007 shares during the period. Jane Street Group LLC grew its holdings in DoubleLine Income Solutions Fund by 128.3% in the 1st quarter. Jane Street Group LLC now owns 37,564 shares of the company’s stock valued at $474,000 after buying an additional 21,111 shares during the period. Invesco Ltd. grew its holdings in DoubleLine Income Solutions Fund by 2.6% in the 2nd quarter. Invesco Ltd. now owns 935,733 shares of the company’s stock valued at $11,453,000 after buying an additional 23,669 shares during the period. Baird Financial Group Inc. purchased a new stake in DoubleLine Income Solutions Fund in the 2nd quarter valued at about $691,000. Finally, NewEdge Advisors LLC grew its holdings in DoubleLine Income Solutions Fund by 1.7% in the 2nd quarter. NewEdge Advisors LLC now owns 176,543 shares of the company’s stock valued at $2,161,000 after buying an additional 2,896 shares during the period.

About DoubleLine Income Solutions Fund

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.