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

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a significant increase in short interest in 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

DSL traded up $0.10 during trading hours on Monday, reaching $10.64. 411,669 shares of the stock traded hands, compared to its average volume of 576,966. DoubleLine Income Solutions Fund has a fifty-two week low of $10.49 and a fifty-two week high of $12.67. The firm’s fifty day simple moving average is $10.87 and its two-hundred day simple moving average is $11.06.

DoubleLine Income Solutions Fund Dividend Announcement

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

Institutional Trading of DoubleLine Income Solutions Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its stake in shares of 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 purchasing an additional 12,007 shares in the last quarter. Jane Street Group LLC grew its position in shares of DoubleLine Income Solutions Fund by 128.3% during the first quarter. Jane Street Group LLC now owns 37,564 shares of the company’s stock worth $474,000 after acquiring an additional 21,111 shares during the last quarter. Invesco Ltd. lifted its position 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 purchasing an additional 23,669 shares during the last quarter. Baird Financial Group Inc. acquired a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at about $691,000. Finally, NewEdge Advisors LLC grew its position 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 worth $2,161,000 after purchasing an additional 2,896 shares during the last quarter.

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.