DNP Select Income Fund Inc. (NYSE:DNP) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 387,295 shares, a drop of 44.3% from the January 31st total of 695,448 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 297,188 shares, the short-interest ratio is currently 1.3 days.
Shares of DNP Select Income Fund stock opened at $11.50 on Thursday. DNP Select Income Fund has a 12-month low of $10.00 and a 12-month high of $11.62.
The business also recently announced a monthly dividend, which was paid on Monday, February 11th. Investors of record on Thursday, January 31st were given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Wednesday, January 30th.
Several large investors have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of DNP Select Income Fund by 8.9% in the third quarter. Morgan Stanley now owns 1,402,896 shares of the investment management company’s stock worth $15,530,000 after purchasing an additional 114,445 shares in the last quarter. Commonwealth Equity Services LLC raised its position in DNP Select Income Fund by 0.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 615,510 shares of the investment management company’s stock valued at $6,401,000 after purchasing an additional 4,054 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of DNP Select Income Fund by 17.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 565,421 shares of the investment management company’s stock worth $5,880,000 after acquiring an additional 82,627 shares during the period. Global Financial Private Capital LLC lifted its position in DNP Select Income Fund by 2.4% in the 4th quarter. Global Financial Private Capital LLC now owns 518,435 shares of the investment management company’s stock valued at $5,410,000 after acquiring an additional 12,184 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in DNP Select Income Fund by 14.6% in the fourth quarter. LPL Financial LLC now owns 395,395 shares of the investment management company’s stock worth $4,112,000 after purchasing an additional 50,435 shares during the last quarter. 4.20% of the stock is currently owned by institutional investors and hedge funds.
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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.
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