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

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 40,300 shares, a drop of 83.0% from the January 31st total of 237,700 shares. Based on an average trading volume of 699,300 shares, the short-interest ratio is presently 0.1 days.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock traded down $0.05 on Thursday, hitting $9.46. 670,592 shares of the company traded hands, compared to its average volume of 661,258. DNP Select Income Fund has a 52 week low of $8.02 and a 52 week high of $10.04. The stock’s 50 day moving average price is $9.26 and its 200-day moving average price is $9.42.

DNP Select Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.065 per share. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

Insider Buying and Selling

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of DNP Select Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in DNP Select Income Fund by 10.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 1,110 shares during the period. Kovack Advisors Inc. increased its holdings in DNP Select Income Fund by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock valued at $444,000 after buying an additional 1,184 shares during the period. CreativeOne Wealth LLC increased its holdings in DNP Select Income Fund by 6.4% during the fourth quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock valued at $178,000 after buying an additional 1,210 shares during the period. Tortoise Investment Management LLC raised its stake in DNP Select Income Fund by 2.0% in the fourth quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after buying an additional 1,220 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in DNP Select Income Fund by 11.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock worth $106,000 after buying an additional 1,225 shares during the period. 8.51% of the stock is currently owned by institutional investors.

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.