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

Dividend and Income Fund (OTCMKTS:DNIF) was the target of a large growth in short interest in 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 trading volume, of 30,800 shares, the short-interest ratio is presently 0.4 days.

Dividend and Income Fund Stock Down 0.3 %

Shares of OTCMKTS DNIF traded down $0.03 on Tuesday, hitting $10.94. The company’s stock had a trading volume of 8,349 shares, compared to its average volume of 23,930. The stock has a 50 day moving average of $11.50 and a 200-day moving average of $11.28. Dividend and Income Fund has a 12-month low of $10.00 and a 12-month high of $13.17.

Dividend and Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Monday, September 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date of this dividend is Friday, September 15th.

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.