DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 27,800 shares, a drop of 81.0% from the September 30th total of 146,300 shares. Based on an average daily volume of 575,900 shares, the short-interest ratio is currently 0.0 days.
DNP Select Income Fund Stock Performance
NYSE:DNP traded down $0.08 during trading hours on Friday, reaching $9.66. 363,643 shares of the company were exchanged, compared to its average volume of 663,689. DNP Select Income Fund has a 52-week low of $8.02 and a 52-week high of $10.04. The stock has a 50 day simple moving average of $9.64 and a 200 day simple moving average of $9.00.
DNP Select Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Thursday, October 31st.
Hedge Funds Weigh In On DNP Select Income Fund
Large investors have recently bought and sold shares of the stock. Hartline Investment Corp purchased a new position in shares of DNP Select Income Fund in the 1st quarter valued at $10,604,000. Cetera Investment Advisers raised its stake in shares of DNP Select Income Fund by 571.5% in the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company's stock valued at $11,144,000 after acquiring an additional 1,045,691 shares during the period. Wolverine Asset Management LLC raised its stake in shares of DNP Select Income Fund by 5,329.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company's stock valued at $1,901,000 after acquiring an additional 227,033 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company's stock valued at $6,238,000 after acquiring an additional 187,939 shares during the period. Finally, Foguth Wealth Management LLC. purchased a new position in shares of DNP Select Income Fund in the 1st quarter valued at $1,005,000. Hedge funds and other institutional investors own 8.51% of the company's stock.
About DNP Select Income Fund
(
Get Free Report)
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.
Further Reading
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