Why a Fund Trimmed a $3.9M Stake in DoubleLine Despite 11.7% Yield

On November 13, McGowan Group did the financial equivalent of tidying your closet and accidentally throwing out your favorite sweater. They sold 319,882 shares of DSL, reducing their stake to 2.91 million. The fund’s market value now sits at $35.69 million. It’s like watching someone lose a bet they didn’t even know they were making.





