Dividend and Income Fund (OTCMKTS:DNIF) Sees Significant Increase in Short Interest

Dividend and Income Fund (OTCMKTS:DNIF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 12,900 shares, an increase of 15.2% from the August 15th total of 11,200 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 0.4 days.

Dividend and Income Fund Trading Up 0.5 %

Shares of DNIF stock traded up $0.06 on Monday, hitting $10.97. 20,851 shares of the stock traded hands, compared to its average volume of 24,018. The firm’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $11.28. Dividend and Income Fund has a twelve month low of $10.00 and a twelve month high of $13.17.

Dividend and Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Monday, September 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 9.12%.

About Dividend and Income Fund

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.