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

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.21 and traded as low as $10.83. DoubleLine Income Solutions Fund shares last traded at $10.8550, with a volume of 312,615 shares changing hands.

DoubleLine Income Solutions Fund Trading Up 0.2%

The stock has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $11.21.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter worth about $86,000. Blue Trust Inc. bought a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at approximately $89,000. Transcend Capital Advisors LLC bought a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at approximately $120,000. CIBC Bancorp USA Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund in the third quarter valued at approximately $123,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the first quarter valued at approximately $124,000.

About DoubleLine Income Solutions Fund

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.