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

DNP Select Income Fund Inc. (NYSE:DNP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 150,200 shares, an increase of 32.2% from the February 28th total of 113,600 shares. Based on an average daily trading volume, of 718,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

DNP Select Income Fund Trading Down 0.6 %

Shares of DNP Select Income Fund stock traded down $0.06 on Monday, reaching $9.87. 697,902 shares of the stock were exchanged, compared to its average volume of 673,107. DNP Select Income Fund has a 1-year low of $8.02 and a 1-year high of $10.04. The business has a fifty day moving average price of $9.48 and a two-hundred day moving average price of $9.45.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Wednesday, April 30th.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of DNP Select Income Fund

Several hedge funds have recently modified their holdings of the business. Menard Financial Group LLC purchased a new position in DNP Select Income Fund in the fourth quarter worth $55,000. Vermillion Wealth Management Inc. acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth $107,000. Sunbelt Securities Inc. purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at about $34,000. First Heartland Consultants Inc. lifted its stake in shares of DNP Select Income Fund by 2.5% in the fourth quarter. First Heartland Consultants Inc. now owns 284,575 shares of the investment management company’s stock valued at $2,510,000 after purchasing an additional 7,059 shares during the period. Finally, Ames National Corp purchased a new stake in DNP Select Income Fund during the fourth quarter worth about $122,000. 8.51% of the stock is owned by institutional investors and hedge funds.

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.