DoubleLine Income Solutions Fund (NYSE:DSL) Stock Short Interest Rises 157.2%

DoubleLine Income Solutions Fund (NYSE:DSL) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 291,222 shares, an increase of 157.2% from the September 30th total of 113,231 shares. Based on an average trading volume of 908,252 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in DoubleLine Income Solutions Fund in the 2nd quarter worth approximately $22,698,000. Royal Bank of Canada raised its holdings in shares of DoubleLine Income Solutions Fund by 14.9% during the first quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock worth $9,631,000 after purchasing an additional 115,252 shares during the last quarter. D.A. Davidson & CO. lifted its position in DoubleLine Income Solutions Fund by 37.7% during the third quarter. D.A. Davidson & CO. now owns 924,874 shares of the company’s stock valued at $9,249,000 after purchasing an additional 253,116 shares during the period. Janney Montgomery Scott LLC boosted its holdings in DoubleLine Income Solutions Fund by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 665,547 shares of the company’s stock valued at $7,208,000 after purchasing an additional 17,242 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in DoubleLine Income Solutions Fund by 6.6% in the second quarter. HighTower Advisors LLC now owns 442,787 shares of the company’s stock valued at $4,897,000 after purchasing an additional 27,351 shares during the last quarter.

DoubleLine Income Solutions Fund Trading Down 0.7%

DoubleLine Income Solutions Fund stock traded down $0.07 during mid-day trading on Friday, hitting $9.82. The stock had a trading volume of 757,402 shares, compared to its average volume of 615,850. The firm’s 50 day moving average is $10.11 and its 200 day moving average is $10.79. DoubleLine Income Solutions Fund has a one year low of $9.61 and a one year high of $11.83.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date was Wednesday, October 14th.

About DoubleLine Income Solutions Fund

DoubleLine Income Solutions Fund (NYSE:DSL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income and total return by investing in a diversified portfolio of fixed-income securities and other income-producing investments.

Its portfolio may include corporate bonds, emerging-market debt, high-yield securities, bank loans, mortgage-related investments and other debt instruments. The fund has broad geographic exposure and may invest in securities issued by companies, governments and financial institutions in the United States and international markets, including developing economies.

DoubleLine Capital is known for its focus on active fixed-income management and credit analysis.