DoubleLine Income Solutions Fund (NYSE:DSL) Stock Passes Below 200-Day Moving Average – Time to Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.75 and traded as low as $12.66. DoubleLine Income Solutions Fund shares last traded at $12.69, with a volume of 314,120 shares traded.

DoubleLine Income Solutions Fund Trading Down 0.0 %

The company’s fifty day moving average is $12.69 and its 200 day moving average is $12.75.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend is Wednesday, March 19th.

Institutional Trading of DoubleLine Income Solutions Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in DoubleLine Income Solutions Fund during the third quarter worth $364,000. National Bank of Canada FI raised its position in DoubleLine Income Solutions Fund by 9.0% during the third quarter. National Bank of Canada FI now owns 103,934 shares of the company’s stock worth $1,349,000 after acquiring an additional 8,599 shares in the last quarter. Stifel Financial Corp raised its position in DoubleLine Income Solutions Fund by 5.1% during the third quarter. Stifel Financial Corp now owns 612,756 shares of the company’s stock worth $7,954,000 after acquiring an additional 29,620 shares in the last quarter. Verition Fund Management LLC bought a new stake in DoubleLine Income Solutions Fund during the third quarter worth $675,000. Finally, Walleye Capital LLC raised its position in DoubleLine Income Solutions Fund by 6.3% during the third quarter. Walleye Capital LLC now owns 47,262 shares of the company’s stock worth $613,000 after acquiring an additional 2,794 shares in the last quarter.

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.