DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.15 and traded as low as $11.52. DoubleLine Income Solutions Fund shares last traded at $11.5550, with a volume of 330,812 shares trading hands.

DoubleLine Income Solutions Fund Trading Up 0.2%

The stock’s fifty day moving average is $12.09 and its 200-day moving average is $12.15.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Wednesday, November 19th will be paid a $0.11 dividend. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Wednesday, November 19th.

Institutional Trading of DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently made changes to their positions in DSL. Eastern Bank acquired a new position in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $37,000. Gridiron Partners LLC lifted its holdings in DoubleLine Income Solutions Fund by 2,073.2% during the third quarter. Gridiron Partners LLC now owns 415,869 shares of the company’s stock valued at $51,000 after purchasing an additional 396,733 shares in the last quarter. CX Institutional acquired a new stake in shares of DoubleLine Income Solutions Fund in the third quarter valued at about $63,000. CWM LLC boosted its stake in shares of DoubleLine Income Solutions Fund by 29.7% in the first quarter. CWM LLC now owns 5,130 shares of the company’s stock worth $65,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of DoubleLine Income Solutions Fund in the second quarter worth about $70,000.

About DoubleLine Income Solutions Fund

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.