Dividend and Income Fund (OTCMKTS:DNIF) Short Interest Down 29.0% in April

Dividend and Income Fund (OTCMKTS:DNIFGet Rating) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 12,500 shares, a decline of 29.0% from the March 31st total of 17,600 shares. Based on an average daily volume of 35,100 shares, the days-to-cover ratio is presently 0.4 days.

Shares of OTCMKTS:DNIF traded down $0.45 during trading hours on Monday, hitting $13.35. The company’s stock had a trading volume of 19,900 shares, compared to its average volume of 25,998. Dividend and Income Fund has a 52 week low of $12.98 and a 52 week high of $15.69. The firm’s fifty day moving average price is $13.77 and its 200 day moving average price is $14.16.

The firm also recently declared a dividend, which was paid on Friday, March 25th. Stockholders of record on Tuesday, March 15th were issued a $0.25 dividend. The ex-dividend date was Monday, March 14th. This represents a dividend yield of 7.37%.

About Dividend and Income Fund (Get Rating)

Dividend and Income Fund is a closed-ended equity mutual fund launched and managed by Bexil Advisers LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all capitalizations.

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