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

DNP Select Income Fund Inc. (NYSE:DNP) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 113,600 shares, a growth of 181.9% from the February 13th total of 40,300 shares. Based on an average daily trading volume, of 753,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Insider Activity at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

Institutional Trading of DNP Select Income Fund

Several hedge funds have recently added to or reduced their stakes in DNP. Menard Financial Group LLC purchased a new stake in DNP Select Income Fund in the fourth quarter worth $55,000. Vermillion Wealth Management Inc. purchased a new stake in DNP Select Income Fund in the 4th quarter worth about $107,000. Sunbelt Securities Inc. bought a new stake in DNP Select Income Fund in the 4th quarter valued at about $34,000. First Heartland Consultants Inc. lifted its holdings in DNP Select Income Fund by 2.5% during 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 last quarter. Finally, Ames National Corp bought a new position in DNP Select Income Fund during the fourth quarter worth about $122,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.7 %

DNP stock traded up $0.07 during midday trading on Friday, hitting $9.50. The company’s stock had a trading volume of 533,659 shares, compared to its average volume of 673,228. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04. The stock’s 50-day moving average price is $9.37 and its 200 day moving average price is $9.45.

DNP Select Income Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 8.24%.

DNP Select Income Fund Company Profile

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.