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

DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) saw a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 489,900 shares, an increase of 28.8% from the December 15th total of 380,400 shares. Based on an average daily volume of 453,900 shares, the days-to-cover ratio is currently 1.1 days.

DNP Select Income Fund Trading Up 0.9 %

Shares of NYSE DNP opened at $11.55 on Friday. The firm has a 50-day simple moving average of $11.33 and a 200-day simple moving average of $11.09. DNP Select Income Fund has a 52 week low of $9.83 and a 52 week high of $12.00.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 10th. Investors of record on Tuesday, January 31st will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Monday, January 30th.

Institutional Investors Weigh In On DNP Select Income Fund

A number of hedge funds have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in DNP Select Income Fund during the second quarter worth about $26,000. Jones Financial Companies Lllp acquired a new stake in DNP Select Income Fund in the third quarter valued at approximately $27,000. Selective Wealth Management Inc. acquired a new stake in DNP Select Income Fund in the second quarter valued at approximately $28,000. ACG Wealth acquired a new stake in DNP Select Income Fund in the second quarter valued at approximately $35,000. Finally, Romano Brothers AND Company acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 7.75% of the company’s stock.

DNP Select Income Fund Company Profile

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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.