Short Interest in Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF) Decreases By 75.0%

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Delaware Investments Dividend and Income Fund, Inc. (NYSE:DDF) saw a large decrease in short interest in the month of January. As of January 29th, there was short interest totalling 1,500 shares, a decrease of 75.0% from the January 14th total of 6,000 shares. Based on an average trading volume of 29,400 shares, the days-to-cover ratio is presently 0.1 days.

Shares of DDF stock traded down $0.01 on Friday, hitting $9.71. 19,104 shares of the stock were exchanged, compared to its average volume of 24,855. Delaware Investments Dividend and Income Fund has a one year low of $5.00 and a one year high of $15.81. The firm has a 50 day moving average price of $9.46.

The company also recently declared a monthly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 19th will be paid a dividend of $0.0608 per share. This is an increase from Delaware Investments Dividend and Income Fund’s previous monthly dividend of $0.06. The ex-dividend date is Thursday, February 18th. This represents a $0.73 annualized dividend and a dividend yield of 7.51%.

Several hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC grew its stake in shares of Delaware Investments Dividend and Income Fund by 27.9% during the 4th quarter. Shaker Financial Services LLC now owns 129,367 shares of the company’s stock worth $1,197,000 after acquiring an additional 28,242 shares during the period. Golden State Equity Partners bought a new position in shares of Delaware Investments Dividend and Income Fund during the 4th quarter worth $282,000. Landscape Capital Management L.L.C. bought a new position in shares of Delaware Investments Dividend and Income Fund during the 4th quarter worth $190,000. Mid Atlantic Financial Management Inc. ADV grew its stake in shares of Delaware Investments Dividend and Income Fund by 29.5% during the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 18,000 shares of the company’s stock worth $167,000 after acquiring an additional 4,100 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Delaware Investments Dividend and Income Fund by 52.4% in the 4th quarter. Advisory Services Network LLC now owns 3,535 shares of the company’s stock worth $33,000 after purchasing an additional 1,216 shares during the period. Institutional investors own 5.16% of the company’s stock.

Delaware Investments Dividend and Income Fund Company Profile

Delaware Investments Dividend and Income Fund, Inc is a closed-ended equity mutual fund launched by Delaware Management Holdings, Inc It is managed by Delaware Management Company. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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