DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.74 and traded as low as $12.72. DoubleLine Income Solutions Fund shares last traded at $12.80, with a volume of 448,621 shares traded.

DoubleLine Income Solutions Fund Price Performance

The company has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $12.74.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.32%. The ex-dividend date is Wednesday, February 19th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DSL. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of DoubleLine Income Solutions Fund in the third quarter valued at about $29,000. Lindbrook Capital LLC boosted its position in DoubleLine Income Solutions Fund by 57.1% during the fourth quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock worth $69,000 after purchasing an additional 2,000 shares in the last quarter. Allworth Financial LP boosted its position in DoubleLine Income Solutions Fund by 588.6% during the third quarter. Allworth Financial LP now owns 5,908 shares of the company’s stock worth $77,000 after purchasing an additional 5,050 shares in the last quarter. Grove Bank & Trust purchased a new position in DoubleLine Income Solutions Fund during the third quarter worth approximately $104,000. Finally, Pathway Financial Advisers LLC raised its holdings in shares of DoubleLine Income Solutions Fund by 1,214.9% during the third quarter. Pathway Financial Advisers LLC now owns 8,849 shares of the company’s stock valued at $115,000 after acquiring an additional 8,176 shares during 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.