DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below 200-Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) crossed 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.

DoubleLine Income Solutions Fund Stock Performance

The company’s 50 day simple moving average is $12.68 and its two-hundred day simple moving average is $12.73.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 10.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DSL. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC acquired a new stake in shares of DoubleLine Income Solutions Fund in the second quarter valued at $51,000. Ashton Thomas Private Wealth LLC purchased a new position in DoubleLine Income Solutions Fund in the second quarter valued at $68,000. Allworth Financial LP grew its stake in DoubleLine Income Solutions Fund by 588.6% during the 3rd 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. Finally, Grove Bank & Trust purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth about $104,000.

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.