DNP Select Income Fund Inc. (NYSE:DNP) Short Interest Down 81.0% in October

DNP Select Income Fund Inc. (NYSE:DNP) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 27,800 shares, a decline of 81.0% from the September 30th total of 146,300 shares. Based on an average daily trading volume, of 575,900 shares, the short-interest ratio is currently 0.0 days.

DNP Select Income Fund Stock Performance

DNP Select Income Fund stock traded down $0.08 during midday trading on Friday, hitting $9.66. 363,643 shares of the stock were exchanged, compared to its average volume of 663,689. DNP Select Income Fund has a 1 year low of $8.02 and a 1 year high of $10.04. The company has a 50 day moving average price of $9.64 and a two-hundred day moving average price of $9.00.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.08%. The ex-dividend date is Thursday, October 31st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DNP. Fisher Asset Management LLC grew its holdings in DNP Select Income Fund by 40.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,616 shares of the investment management company’s stock worth $124,000 after acquiring an additional 4,189 shares in the last quarter. Global Assets Advisory LLC acquired a new position in DNP Select Income Fund during the 1st quarter worth $270,000. Brookstone Capital Management boosted its holdings in shares of DNP Select Income Fund by 30.5% in the 1st quarter. Brookstone Capital Management now owns 47,952 shares of the investment management company’s stock valued at $435,000 after buying an additional 11,206 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of DNP Select Income Fund by 10.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 41,183 shares of the investment management company’s stock valued at $374,000 after buying an additional 4,059 shares during the period. Finally, Foguth Wealth Management LLC. acquired a new position in shares of DNP Select Income Fund in the 1st quarter valued at about $1,005,000. 8.51% of the stock is owned by institutional investors and hedge funds.

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.