DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.73 and traded as low as $12.57. DoubleLine Income Solutions Fund shares last traded at $12.60, with a volume of 297,903 shares changing hands.

DoubleLine Income Solutions Fund Stock Down 0.5 %

The business has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $12.72.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.50%.

Institutional Trading of DoubleLine Income Solutions Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of 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. Precedent Wealth Partners LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at about $126,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of DoubleLine Income Solutions Fund during the fourth quarter worth about $130,000. Fisher Asset Management LLC purchased a new position in DoubleLine Income Solutions Fund in the third quarter valued at about $133,000. Finally, Lido Advisors LLC acquired a new stake in DoubleLine Income Solutions Fund during the 4th quarter valued at approximately $138,000.

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.