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

Key Points

• DNP Select Income Fund experienced a **60.0% decline in short interest** from September 15th to September 30th, dropping from 315,300 shares to 126,200 shares.
• The fund has **declared a monthly dividend** of $0.065, to be paid on January 12th, reflecting an annualized dividend yield of **7.8%**.
• Institutional investors own **8.51%** of DNP Select Income Fund, with several hedge funds modifying their positions, including Royal Bank of Canada increasing its stake by **19.6%**.

DNP Select Income Fund Inc. (NYSE:DNP - ) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 126,200 shares, a decline of 60.0% from the September 15th total of 315,300 shares. Based on an average trading volume of 515,900 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 515,900 shares, the short-interest ratio is presently 0.2 days.

DNP Select Income Fund Stock Down 0.1%

NYSE:DNP opened at $9.96 on Friday. The business's 50-day moving average price is $9.92 and its 200 day moving average price is $9.74. DNP Select Income Fund has a 52-week low of $8.69 and a 52-week high of $10.07.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.065 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Hedge Funds Weigh In On DNP Select Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of DNP Select Income Fund by 12.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company's stock valued at $677,000 after purchasing an additional 7,698 shares during the period. Private Trust Co. NA acquired a new position in shares of DNP Select Income Fund in the 1st quarter valued at $35,000. Sequoia Financial Advisors LLC acquired a new position in shares of DNP Select Income Fund in the 1st quarter valued at $137,000. Royal Bank of Canada boosted its position in shares of DNP Select Income Fund by 19.6% in the 1st quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company's stock valued at $25,109,000 after purchasing an additional 415,954 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of DNP Select Income Fund by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 382,023 shares of the investment management company's stock valued at $3,778,000 after purchasing an additional 6,794 shares during the period. Institutional investors and hedge funds own 8.51% of the company's stock.

About DNP Select Income Fund

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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