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

Dividend and Income Fund (OTCMKTS:DNIF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 12,900 shares, a growth 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 presently 0.4 days.

Dividend and Income Fund Trading Up 0.5 %

DNIF traded up $0.06 during mid-day trading on Monday, hitting $10.97. The stock had a trading volume of 20,851 shares, compared to its average volume of 24,018. The stock’s fifty day simple moving average is $11.50 and its 200-day simple moving average is $11.28. Dividend and Income Fund has a 1-year low of $10.00 and a 1-year high of $13.17.

Dividend and Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Monday, September 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date is Friday, September 15th.

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.