DNP Select Income Fund Inc. (NYSE:DNP) Short Interest Down 8.2% in August

DNP Select Income Fund Inc. (NYSE:DNPGet Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 305,800 shares, a decline of 8.2% from the August 15th total of 333,000 shares. Based on an average trading volume of 445,200 shares, the short-interest ratio is currently 0.7 days.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $11.34 on Tuesday. DNP Select Income Fund has a 52-week low of $10.06 and a 52-week high of $12.00. The stock’s 50-day moving average price is $11.25 and its 200 day moving average price is $11.29.

Hedge Funds Weigh In On DNP Select Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Stock Yards Bank & Trust Co. acquired a new position in DNP Select Income Fund in the 2nd quarter valued at about $262,000. Captrust Financial Advisors acquired a new position in DNP Select Income Fund in the 2nd quarter valued at about $883,000. Oliver Lagore Vanvalin Investment Group acquired a new position in DNP Select Income Fund in the 2nd quarter valued at about $26,000. First Republic Investment Management Inc. increased its position in DNP Select Income Fund by 34.9% in the 2nd quarter. First Republic Investment Management Inc. now owns 19,465 shares of the investment management company’s stock valued at $211,000 after acquiring an additional 5,035 shares during the period. Finally, Creative Planning increased its position in DNP Select Income Fund by 44.4% during the 2nd quarter. Creative Planning now owns 131,541 shares of the investment management company’s stock worth $1,426,000 after purchasing an additional 40,463 shares during the period. Institutional investors and hedge funds own 7.24% of the company’s stock.

About DNP Select Income Fund

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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.

Further Reading

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