Short Interest in DoubleLine Income Solutions Fund (NYSE:DSL) Decreases By 6.1%

DoubleLine Income Solutions Fund (NYSE:DSL) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 966,800 shares, a decline of 6.1% from the May 15th total of 1,030,000 shares. Based on an average daily volume of 381,300 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several institutional investors have recently made changes to their positions in DSL. Cambridge Investment Research Advisors Inc. raised its holdings in shares of DoubleLine Income Solutions Fund by 84.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 597,317 shares of the company’s stock valued at $7,586,000 after purchasing an additional 272,789 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 500.0% during the first quarter. Janney Montgomery Scott LLC now owns 247,111 shares of the company’s stock valued at $3,138,000 after purchasing an additional 205,923 shares during the period. UBS Group AG raised its holdings in shares of DoubleLine Income Solutions Fund by 19.6% during the fourth quarter. UBS Group AG now owns 1,197,330 shares of the company’s stock valued at $14,655,000 after purchasing an additional 196,205 shares during the period. Stifel Financial Corp raised its holdings in shares of DoubleLine Income Solutions Fund by 36.0% during the fourth quarter. Stifel Financial Corp now owns 731,466 shares of the company’s stock valued at $8,953,000 after purchasing an additional 193,760 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of DoubleLine Income Solutions Fund during the first quarter valued at about $2,159,000.

DoubleLine Income Solutions Fund Price Performance

Shares of DoubleLine Income Solutions Fund stock opened at $12.46 on Thursday. DoubleLine Income Solutions Fund has a twelve month low of $10.22 and a twelve month high of $12.96. The company’s fifty day moving average is $12.42 and its 200 day moving average is $12.44.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, June 12th. This represents a $1.32 annualized dividend and a dividend yield of 10.59%.

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.