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

DNP Select Income Fund Inc. (NYSE:DNP) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 40,300 shares, a decline of 83.0% from the January 31st total of 237,700 shares. Based on an average trading volume of 699,300 shares, the days-to-cover ratio is currently 0.1 days.

DNP Select Income Fund Trading Down 0.5 %

DNP Select Income Fund stock traded down $0.05 during midday trading on Thursday, reaching $9.46. The company’s stock had a trading volume of 670,592 shares, compared to its average volume of 661,258. DNP Select Income Fund has a 52-week low of $8.02 and a 52-week high of $10.04. The stock’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $9.42.

DNP Select Income Fund Announces Dividend

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

Insider Buying and Selling

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction 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 sale, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of DNP Select Income Fund

Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in shares of DNP Select Income Fund by 995.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock worth $13,925,000 after buying an additional 1,434,708 shares during the period. Raymond James Financial Inc. acquired a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $7,738,000. Kentucky Trust Co acquired a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $5,598,000. Wolverine Asset Management LLC purchased a new stake in shares of DNP Select Income Fund in the 4th quarter valued at $2,915,000. Finally, IHT Wealth Management LLC increased its stake in shares of DNP Select Income Fund by 257.6% in the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after acquiring an additional 306,712 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

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.