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

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.64 and traded as low as $12.50. DoubleLine Income Solutions Fund shares last traded at $12.52, with a volume of 435,591 shares.

DoubleLine Income Solutions Fund Trading Up 0.2 %

The company’s fifty day moving average is $12.89 and its 200-day moving average is $12.64.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.32 annualized dividend and a dividend yield of 10.54%.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its stake in DoubleLine Income Solutions Fund by 37.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 818,724 shares of the company’s stock worth $10,250,000 after purchasing an additional 221,407 shares during the period. Janney Montgomery Scott LLC grew its holdings in DoubleLine Income Solutions Fund by 500.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 247,111 shares of the company’s stock worth $3,138,000 after acquiring an additional 205,923 shares in the last quarter. Cetera Investment Advisers acquired a new position in DoubleLine Income Solutions Fund during the 1st quarter worth approximately $2,159,000. International Assets Investment Management LLC acquired a new position in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $2,138,000. Finally, Golden State Equity Partners acquired a new position in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at $1,988,000.

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.