Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF) Short Interest Up 65.5% in April

Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDFGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 4,800 shares, a growth of 65.5% from the April 15th total of 2,900 shares. Based on an average daily volume of 17,100 shares, the short-interest ratio is currently 0.3 days.

NYSE:DDF traded up $0.04 on Friday, hitting $9.15. The stock had a trading volume of 20,765 shares, compared to its average volume of 21,531. The business’s fifty day moving average is $10.33 and its 200 day moving average is $10.87. Delaware Investments Dividend and Income Fund has a 52 week low of $9.04 and a 52 week high of $12.19.

The business also recently announced a monthly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be issued a $0.0654 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.58%.

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Delaware Investments Dividend and Income Fund during the second quarter valued at approximately $224,000. Advisor Group Holdings Inc. increased its position in shares of Delaware Investments Dividend and Income Fund by 170.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,378 shares of the company’s stock valued at $28,000 after acquiring an additional 1,500 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Delaware Investments Dividend and Income Fund by 69.7% during the fourth quarter. Shaker Financial Services LLC now owns 115,226 shares of the company’s stock valued at $1,348,000 after acquiring an additional 47,336 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Delaware Investments Dividend and Income Fund during the fourth quarter valued at approximately $228,000. Finally, Cetera Advisor Networks LLC purchased a new stake in Delaware Investments Dividend and Income Fund in the first quarter worth $142,000. Institutional investors own 4.67% of the company’s stock.

About Delaware Investments Dividend and Income Fund (Get Rating)

Delaware Investments Dividend and Income Fund, Inc is a closed-ended equity mutual fund launched by Delaware Management Holdings, Inc It is managed by Delaware Management Company. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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