Short-term stake in Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF) increases 440.9%


Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF – Get Rating) benefited from significant growth in short-term interest during the month of June. As of June 30, there were short interests totaling 11,900 shares, a growth of 440.9% from the total of 2,200 shares as of June 15. Based on an average daily trading volume of 24,100 shares, the day-to-cover ratio is currently 0.5 days.

Delaware Investments Dividend and Income Fund Institutional Trading

Several hedge funds have recently changed their stock holdings. Royal Bank of Canada increased its holding in shares of Delaware Investments Dividend and Income Fund by 17.0% during the first quarter. Royal Bank of Canada now owns 11,035 shares of the company valued at $120,000 after buying an additional 1,600 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Delaware Investments Dividend and Income Fund by 12.4% in the first quarter. Bank of America Corp DE now owns 25,499 shares of the company valued at $276,000 after buying 2,808 additional shares in the last quarter. Cetera Advisor Networks LLC purchased a new equity stake in Delaware Investments Dividend and Income Fund during the first quarter, valued at approximately $142,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Delaware Investments Dividend and Income Fund during the first quarter, valued at approximately $210,000. Finally, Shaker Financial Services LLC increased its stake in Delaware Investments Dividend and Income Fund by 69.7% in the fourth quarter. Shaker Financial Services LLC now owns 115,226 shares of the company valued at $1,348,000 after acquiring 47,336 additional shares in the last quarter. 4.67% of the stock is held by institutional investors.

Delaware Investments Dividend and Income Fund Stock up 1.5%

Shares of the Delaware Investments Dividend and Income Fund opened at $8.68 on Friday. The Delaware Investments Dividend and Income Fund has a 1-year low of $8.29 and a 1-year high of $11.94. The company’s 50-day moving average price is $9.03 and its two-hundred-day moving average price is $10.20.

The Delaware Investments Dividend and Income Fund cuts its dividends

The company also recently announced a monthly dividend, which will be paid on Friday, July 29. Shareholders of record on Friday, July 22 will receive a dividend of $0.061 per share. The ex-dividend date is Thursday, July 21. This represents an annualized dividend of $0.73 and a yield of 8.43%.

Delaware Investments Dividend & Income Fund Company Profile

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Delaware Investments Dividend and Income Fund, Inc is a closed-end mutual fund launched by Delaware Management Holdings, Inc. It is managed by Delaware Management Company. The fund invests in US stock markets. It seeks to invest in shares of companies operating in diversified sectors.

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