DNP Select Income Fund Inc. (NYSE:DNP) Sees Large Decrease in Short Interest

DNP Select Income Fund Inc. (NYSE:DNPGet Rating) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 38,100 shares, a decline of 31.1% from the March 31st total of 55,300 shares. Based on an average daily trading volume, of 594,600 shares, the short-interest ratio is presently 0.1 days.

Shares of NYSE:DNP opened at $11.74 on Friday. DNP Select Income Fund has a 52 week low of $10.05 and a 52 week high of $12.00. The firm has a 50 day moving average of $11.63 and a 200 day moving average of $11.15.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 11th. Investors of record on Thursday, June 30th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Wednesday, June 29th.

A number of large investors have recently modified their holdings of the stock. Investment Partners LTD. increased its position in shares of DNP Select Income Fund by 1.0% during the first quarter. Investment Partners LTD. now owns 89,004 shares of the investment management company’s stock worth $1,052,000 after purchasing an additional 841 shares in the last quarter. National Asset Management Inc. increased its position in DNP Select Income Fund by 6.0% during the 3rd quarter. National Asset Management Inc. now owns 17,385 shares of the investment management company’s stock valued at $186,000 after buying an additional 981 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in DNP Select Income Fund by 5.3% in the first quarter. Koshinski Asset Management Inc. now owns 20,099 shares of the investment management company’s stock valued at $238,000 after buying an additional 1,008 shares during the last quarter. Belpointe Asset Management LLC raised its stake in DNP Select Income Fund by 7.7% in the fourth quarter. Belpointe Asset Management LLC now owns 14,063 shares of the investment management company’s stock valued at $153,000 after buying an additional 1,011 shares during the last quarter. Finally, Wade G W & Inc. boosted its holdings in DNP Select Income Fund by 2.3% in the fourth quarter. Wade G W & Inc. now owns 45,810 shares of the investment management company’s stock worth $498,000 after acquiring an additional 1,051 shares in the last quarter. 6.37% of the stock is owned by institutional investors.

About DNP Select Income Fund (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.

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