DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Down 77.4% in July

DoubleLine Income Solutions Fund (NYSE:DSL) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 121,536 shares, a drop of 77.4% from the July 15th total of 538,112 shares. Based on an average trading volume of 652,219 shares, the short-interest ratio is presently 0.2 days.

DoubleLine Income Solutions Fund Price Performance

Shares of NYSE:DSL traded up $0.06 during midday trading on Thursday, reaching $10.79. The company had a trading volume of 306,324 shares, compared to its average volume of 565,801. DoubleLine Income Solutions Fund has a 1-year low of $10.49 and a 1-year high of $12.67. The business’s 50 day moving average price is $10.82 and its 200 day moving average price is $11.01.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its holdings in DoubleLine Income Solutions Fund by 34.9% during the first quarter. Integrated Wealth Concepts LLC now owns 46,365 shares of the company’s stock worth $585,000 after purchasing an additional 12,007 shares during the period. Jane Street Group LLC raised its stake in DoubleLine Income Solutions Fund by 128.3% in the first 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. lifted its position in shares of DoubleLine Income Solutions Fund by 2.6% in the second 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 last quarter. Baird Financial Group Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund in the second quarter valued at approximately $691,000. Finally, NewEdge Advisors LLC boosted its stake in shares of DoubleLine Income Solutions Fund by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 176,543 shares of the company’s stock worth $2,161,000 after acquiring an additional 2,896 shares during the period.

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.