DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below 200 Day Moving Average – What’s Next?

DoubleLine Income Solutions Fund (NYSE:DSL) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.73 and traded as low as $12.53. DoubleLine Income Solutions Fund shares last traded at $12.58, with a volume of 266,963 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The business’s 50 day moving average price is $12.68 and its 200-day moving average price is $12.73.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.32 annualized dividend and a yield of 10.49%.

Institutional Trading of DoubleLine Income Solutions Fund

Several institutional investors have recently added to or reduced their stakes in DSL. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in DoubleLine Income Solutions Fund during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the 2nd quarter worth $51,000. Ashton Thomas Private Wealth LLC bought a new position in shares of DoubleLine Income Solutions Fund in the second quarter worth $68,000. Allworth Financial LP increased its position in shares of DoubleLine Income Solutions Fund by 588.6% in 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 during the period. Finally, Grove Bank & Trust acquired a new position in DoubleLine Income Solutions Fund in the third quarter valued at about $104,000.

DoubleLine Income Solutions Fund Company Profile

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.