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

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.75 and traded as low as $11.55. DoubleLine Income Solutions Fund shares last traded at $11.64, with a volume of 1,096,279 shares.

DoubleLine Income Solutions Fund Price Performance

The stock’s 50 day simple moving average is $11.35 and its two-hundred day simple moving average is $11.75.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 11.3%.

Institutional Trading of DoubleLine Income Solutions Fund

A number of institutional investors have recently made changes to their positions in DSL. Eastern Bank purchased a new stake in shares of DoubleLine Income Solutions Fund in the 3rd quarter worth about $37,000. CX Institutional bought a new position in DoubleLine Income Solutions Fund during the 3rd quarter valued at approximately $63,000. Advisory Services Network LLC purchased a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter worth about $86,000. Allworth Financial LP lifted its stake in shares of DoubleLine Income Solutions Fund by 361.5% in the second quarter. Allworth Financial LP now owns 7,652 shares of the company’s stock worth $94,000 after buying an additional 5,994 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in DoubleLine Income Solutions Fund during the 4th quarter valued at $89,000.

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.