Short Interest in DNP Select Income Fund Inc. (NYSE:DNP) Increases By 345.7%

DNP Select Income Fund Inc. (NYSE:DNP) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 123,900 shares, an increase of 345.7% from the October 15th total of 27,800 shares. Based on an average daily trading volume, of 557,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of DNP Select Income Fund

Large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after purchasing an additional 1,150 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of DNP Select Income Fund by 11.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 1,263 shares during the last quarter. Comerica Bank increased its position in shares of DNP Select Income Fund by 3.7% during the 1st quarter. Comerica Bank now owns 36,781 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 1,311 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after purchasing an additional 1,363 shares during the last quarter. Finally, PFG Investments LLC increased its position in shares of DNP Select Income Fund by 3.8% during the 2nd quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock valued at $383,000 after purchasing an additional 1,716 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 0.2 %

Shares of NYSE DNP traded down $0.02 during mid-day trading on Wednesday, hitting $9.34. The stock had a trading volume of 574,570 shares, compared to its average volume of 659,992. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04. The business has a 50 day moving average price of $9.66 and a two-hundred day moving average price of $9.05.

DNP Select Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a $0.065 dividend. This represents a dividend yield of 8.15%. The ex-dividend date of this dividend was Thursday, October 31st.

About DNP Select Income Fund

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.