DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Up 10.5% in September

DoubleLine Income Solutions Fund (NYSE:DSL) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 653,900 shares, a growth of 10.5% from the August 31st total of 591,600 shares. Based on an average daily volume of 381,600 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Creekside Partners purchased a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at $254,000. Cetera Investment Advisers grew its stake in DoubleLine Income Solutions Fund by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 183,195 shares of the company’s stock worth $2,294,000 after purchasing an additional 13,186 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in DoubleLine Income Solutions Fund by 74.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 46,539 shares of the company’s stock worth $583,000 after purchasing an additional 19,914 shares in the last quarter. Trinity Legacy Partners LLC grew its stake in DoubleLine Income Solutions Fund by 5.3% during the 2nd quarter. Trinity Legacy Partners LLC now owns 175,430 shares of the company’s stock worth $2,196,000 after purchasing an additional 8,868 shares in the last quarter. Finally, ELCO Management Co. LLC acquired a new position in DoubleLine Income Solutions Fund during the 2nd quarter worth $129,000.

DoubleLine Income Solutions Fund Price Performance

NYSE:DSL traded down $0.04 on Tuesday, reaching $12.94. The company’s stock had a trading volume of 473,737 shares, compared to its average volume of 388,638. DoubleLine Income Solutions Fund has a 12-month low of $10.22 and a 12-month high of $13.24. The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.62.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a $0.11 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.32 dividend on an annualized basis and a yield of 10.20%.

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.