DNP Select Income Fund Inc. (NYSE:DNP) Short Interest Update

DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 40,300 shares, a drop of 83.0% from the January 31st total of 237,700 shares. Based on an average daily trading volume, of 699,300 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company's stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of DNP Select Income Fund by 995.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock worth $13,925,000 after purchasing an additional 1,434,708 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $7,738,000. Kentucky Trust Co purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $5,598,000. Wolverine Asset Management LLC acquired a new position in DNP Select Income Fund in the 4th quarter valued at $2,915,000. Finally, IHT Wealth Management LLC raised its holdings in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company's stock valued at $4,275,000 after acquiring an additional 306,712 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company's stock.

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DNP Select Income Fund Price Performance

NYSE:DNP traded down $0.09 during trading hours on Monday, reaching $9.50. 693,499 shares of the company traded hands, compared to its average volume of 657,929. DNP Select Income Fund has a 1-year low of $8.02 and a 1-year high of $10.04. The firm's 50-day moving average is $9.28 and its 200-day moving average is $9.43.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.065 per share. This represents a yield of 8.24%. The ex-dividend date was Friday, January 31st.

DNP Select Income Fund Company Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.