DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 466,500 shares, a growth of 274.1% from the April 30th total of 124,700 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily volume of 681,000 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On DNP Select Income Fund
Several hedge funds have recently made changes to their positions in DNP. Crews Bank & Trust purchased a new position in DNP Select Income Fund during the 4th quarter worth approximately $29,000. Private Trust Co. NA acquired a new stake in shares of DNP Select Income Fund in the first quarter valued at approximately $35,000. Sunbelt Securities Inc. purchased a new position in shares of DNP Select Income Fund during the fourth quarter worth approximately $34,000. Tandem Financial LLC acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at $34,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Stock Down 0.1%
Shares of NYSE:DNP traded down $0.01 during trading on Friday, hitting $9.79. 527,125 shares of the company were exchanged, compared to its average volume of 675,680. The firm's 50 day moving average price is $9.57 and its 200-day moving average price is $9.42. DNP Select Income Fund has a 12-month low of $8.02 and a 12-month high of $10.04.
DNP Select Income Fund Dividend Announcement
The business also recently declared a dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, June 2nd will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 8%.
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.
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