DoubleLine Income Solutions Fund (NYSE:DSL) Sees Large Increase in Short Interest

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 591,600 shares, an increase of 32.3% from the October 31st total of 447,100 shares. Based on an average trading volume of 430,600 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DSL. Comerica Bank raised its position in DoubleLine Income Solutions Fund by 37.0% in the 1st quarter. Comerica Bank now owns 27,752 shares of the company’s stock worth $352,000 after purchasing an additional 7,500 shares during the period. Cetera Investment Advisers bought a new position in shares of DoubleLine Income Solutions Fund during the first quarter valued at about $2,159,000. Sage Capital Advisors llc grew its stake in shares of DoubleLine Income Solutions Fund by 11.1% during the second quarter. Sage Capital Advisors llc now owns 45,428 shares of the company’s stock valued at $569,000 after buying an additional 4,548 shares during the last quarter. Intellectus Partners LLC increased its holdings in shares of DoubleLine Income Solutions Fund by 1.9% in the second quarter. Intellectus Partners LLC now owns 376,204 shares of the company’s stock worth $4,710,000 after buying an additional 7,109 shares during the period. Finally, Secure Asset Management LLC bought a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at about $205,000.

DoubleLine Income Solutions Fund Stock Performance

NYSE DSL opened at $12.80 on Monday. The stock’s 50-day simple moving average is $12.74 and its two-hundred day simple moving average is $12.70. DoubleLine Income Solutions Fund has a twelve month low of $11.79 and a twelve month high of $13.24.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Wednesday, November 13th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.32 dividend on an annualized basis and a yield of 10.31%.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.