DNP Select Income Fund Inc. (NYSE:DNP) Short Interest Down 8.6% in October

DNP Select Income Fund Inc. (NYSE:DNPGet Rating) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 996,800 shares, a drop of 8.6% from the October 15th total of 1,090,000 shares. Based on an average daily volume of 486,500 shares, the short-interest ratio is presently 2.0 days.

DNP Select Income Fund Price Performance

NYSE DNP opened at $11.19 on Wednesday. The company has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $10.97. DNP Select Income Fund has a 12-month low of $9.83 and a 12-month high of $12.00.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Tuesday, November 29th.

Hedge Funds Weigh In On DNP Select Income Fund

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of DNP Select Income Fund by 1.3% in the third quarter. Royal Bank of Canada now owns 1,798,229 shares of the investment management company’s stock worth $18,630,000 after purchasing an additional 23,309 shares during the last quarter. American Financial Advisors LLC bought a new position in DNP Select Income Fund during the 3rd quarter valued at $13,859,000. LPL Financial LLC boosted its holdings in DNP Select Income Fund by 25.9% during the 2nd quarter. LPL Financial LLC now owns 1,286,558 shares of the investment management company’s stock worth $13,946,000 after acquiring an additional 264,335 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of DNP Select Income Fund by 29.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,034,476 shares of the investment management company’s stock worth $11,214,000 after acquiring an additional 234,113 shares in the last quarter. Finally, Truadvice LLC purchased a new stake in shares of DNP Select Income Fund in the first quarter valued at about $11,421,000. Institutional investors 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.

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