DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 489,900 shares, a growth of 28.8% from the December 15th total of 380,400 shares. Based on an average daily volume of 453,900 shares, the short-interest ratio is currently 1.1 days.
DNP Select Income Fund Stock Up 0.9 %
Shares of NYSE DNP opened at $11.55 on Friday. DNP Select Income Fund has a 1-year low of $9.83 and a 1-year high of $12.00. The company has a 50-day moving average of $11.33 and a two-hundred day moving average of $11.09.
Get
DNP Select Income Fund alerts:
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 dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend is Monday, January 30th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in DNP. Main Street Financial Solutions LLC bought a new position in DNP Select Income Fund during the second quarter worth about $138,000. Commonwealth Equity Services LLC raised its position in DNP Select Income Fund by 11.2% during the second quarter. Commonwealth Equity Services LLC now owns 729,733 shares of the investment management company's stock valued at $7,910,000 after purchasing an additional 73,447 shares in the last quarter. Selective Wealth Management Inc. acquired a new position in shares of DNP Select Income Fund during the second quarter worth $28,000. Cetera Investment Advisers increased its holdings in shares of DNP Select Income Fund by 129.3% during the second quarter. Cetera Investment Advisers now owns 137,627 shares of the investment management company's stock worth $1,492,000 after buying an additional 77,606 shares in the last quarter. Finally, TownSquare Capital LLC acquired a new stake in DNP Select Income Fund in the second quarter valued at $129,000. Institutional investors and hedge funds own 7.75% of the company's stock.
DNP Select Income Fund Company Profile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on DNP Select Income Fund (DNP)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving '23 Growth
Receive News & Ratings for DNP Select Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNP Select Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.