Dividend And Income Fund Inc (NYSE:DNI) Short Interest Update

Dividend And Income Fund Inc (NYSE:DNI) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 6,900 shares, a decrease of 42.0% from the February 27th total of 11,900 shares. Based on an average daily trading volume, of 57,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Winmill & CO. Inc. raised its holdings in shares of Dividend And Income Fund by 0.7% in the fourth quarter. Winmill & CO. Inc. now owns 1,140,566 shares of the real estate investment trust’s stock worth $15,352,000 after buying an additional 7,741 shares during the period. Bulldog Investors LLC grew its stake in Dividend And Income Fund by 37.1% in the fourth quarter. Bulldog Investors LLC now owns 567,796 shares of the real estate investment trust’s stock worth $7,641,000 after purchasing an additional 153,710 shares in the last quarter. Ancora Advisors LLC grew its stake in Dividend And Income Fund by 18.0% in the third quarter. Ancora Advisors LLC now owns 111,442 shares of the real estate investment trust’s stock worth $1,332,000 after purchasing an additional 17,000 shares in the last quarter. CSS LLC IL grew its stake in Dividend And Income Fund by 1.7% in the fourth quarter. CSS LLC IL now owns 80,813 shares of the real estate investment trust’s stock worth $1,088,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Dividend And Income Fund in the fourth quarter worth approximately $893,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Shares of NYSE DNI traded up $0.53 during midday trading on Thursday, hitting $8.77. The company’s stock had a trading volume of 76,700 shares, compared to its average volume of 83,615. The business’s 50 day moving average is $11.20 and its two-hundred day moving average is $12.24. Dividend And Income Fund has a 12-month low of $6.55 and a 12-month high of $13.97.

Dividend And Income Fund Company Profile

Dividend and Income Fund is a closed-ended equity mutual fund launched and managed by Bexil Advisers LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all capitalizations.

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