DNP Select Income Fund Inc. (NYSE:DNP) Short Interest Update

DNP Select Income Fund Inc. (NYSE:DNP) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 86,300 shares, a growth of 28.2% from the May 15th total of 67,300 shares. Based on an average daily trading volume, of 652,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On DNP Select Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC purchased a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $190,000. UBS Group AG raised its position in DNP Select Income Fund by 4.9% in the 3rd quarter. UBS Group AG now owns 652,492 shares of the investment management company’s stock valued at $6,212,000 after purchasing an additional 30,278 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of DNP Select Income Fund by 61.2% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 226,667 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 86,044 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in DNP Select Income Fund by 13.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 102,877 shares of the investment management company’s stock valued at $979,000 after acquiring an additional 12,400 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of DNP Select Income Fund by 16.2% during the third quarter. Scotia Capital Inc. now owns 113,746 shares of the investment management company’s stock worth $1,083,000 after buying an additional 15,843 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

DNP stock traded down $0.01 during mid-day trading on Monday, reaching $8.14. The company had a trading volume of 1,011,086 shares, compared to its average volume of 682,432. The firm has a 50 day moving average of $8.73 and a 200 day moving average of $8.77. DNP Select Income Fund has a 12 month low of $8.02 and a 12 month high of $10.53.

DNP Select Income Fund Dividend Announcement

The company also recently declared a — dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, June 28th. This represents a yield of 8.6%.

DNP Select Income Fund Company Profile

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.