Today’s Stock On Watch: Dnp Select Income Fund Incorporated (NYSE:DNP) Reports Decline in Sellers; Strong Momentum for Longs

December 1, 2016 - By Louis Casey   ·   0 Comments

Today's Stock On Watch: Dnp Select Income Fund Incorporated (NYSE:DNP) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Dnp Select Income Fund Incorporated (NYSE:DNP) registered a decrease of 10.06% in short interest. DNP’s total short interest was 309,500 shares in December as published by FINRA. Its down 10.06% from 344,100 shares, reported previously. With 219,700 shares average volume, it will take short sellers 1 days to cover their DNP’s short positions. About 131,339 shares traded hands. DNP Select Income Fund Inc. (NYSE:DNP) has declined 0.40% since April 28, 2016 and is downtrending. It has underperformed by 6.32% the S&P500.

DNP Select Income Fund Inc. is a closed-end diversified management investment company. The company has a market cap of $2.79 billion. The Fund’s primary investment objectives are current income and long-term growth of income. It has a 26.19 P/E ratio. Capital appreciation is a secondary objective.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.28, from 1.18 in 2016Q1. The ratio increased, as 12 funds sold all DNP Select Income Fund Inc. shares owned while 32 reduced positions. 9 funds bought stakes while 43 increased positions. They now own 7.87 million shares or 14.83% less from 9.25 million shares in 2016Q1.
Plancorp Lc reported 48,490 shares or 0.46% of all its holdings. Us Bankshares De has 0% invested in the company for 79,437 shares. Schnieders Capital Mgmt Ltd Limited Liability Company has 12,660 shares for 0.07% of their US portfolio. Davenport And Ltd Liability Corporation accumulated 34,883 shares or 0% of the stock. Cetera Advsrs Lc has 0.03% invested in the company for 42,265 shares. The Iowa-based Cambridge Invest Advsr has invested 0.06% in DNP Select Income Fund Inc. (NYSE:DNP). Farmers And Merchants reported 3,940 shares or 0% of all its holdings. Sii Investments Wi has invested 0.12% of its portfolio in DNP Select Income Fund Inc. (NYSE:DNP). Osborn Rohs Williams Donohoe Limited has 16,600 shares for 0.03% of their US portfolio. Bartlett And Limited owns 1,519 shares or 0% of their US portfolio. Planning Corp holds 0.01% of its portfolio in DNP Select Income Fund Inc. (NYSE:DNP) for 13,143 shares. Ifc Inc Fl holds 85,640 shares or 0.1% of its portfolio. Kcg Holdings has 0.01% invested in the company for 34,206 shares. Wetherby Asset Mgmt accumulated 10,601 shares or 0.03% of the stock. Price T Rowe Associates Inc Md holds 28,625 shares or 0% of its portfolio.

DNP Company Profile

DNP Select Income Fund Inc. (the Fund), incorporated on November 26, 1986, is a diversified closed-end management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. The Company’s secondary investment objective is capital appreciation. DNP Select Income Fund Inc. primarily invests in a diversified portfolio of equity and fixed-income securities of companies in the public utilities industry.

More important recent DNP Select Income Fund Inc. (NYSE:DNP) news were published by: Marketwatch.com which released: “DNP Select Income Fund Inc.” on February 06, 2011, also Prnewswire.com published article titled: “DNP Select Income Fund Announces Dividends And Sources Of Distribution”, Seekingalpha.com published: “I Would Avoid DNP Select Income Fund At The Present Time” on June 22, 2015. More interesting news about DNP Select Income Fund Inc. (NYSE:DNP) was released by: Seekingalpha.com and their article: “DNP Select Income Fund Vs. S&P 500 Index Fund” with publication date: July 25, 2016.

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By Louis Casey


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