Institutional Investors Lead Shift in Dividend & Income Fund (NYSE:DNI) Sentiment

September 16, 2018 - By Lisa Delgado

Sentiment for Dividend & Income Fund (NYSE:DNI)

Dividend & Income Fund (NYSE:DNI) institutional sentiment decreased to 1.07 in 2018 Q2. Its down -0.36, from 1.43 in 2018Q1. The ratio dived, as 16 hedge funds increased or opened new positions, while 15 trimmed and sold holdings in Dividend & Income Fund. The hedge funds in our partner’s database reported: 3.81 million shares, down from 3.96 million shares in 2018Q1. Also, the number of hedge funds holding Dividend & Income Fund in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 12 Increased: 6 New Position: 10.

The stock decreased 0.33% or $0.04 during the last trading session, reaching $12.21. About 61,209 shares traded or 25.47% up from the average. Dividend and Income Fund (NYSE:DNI) has declined 3.25% since September 16, 2017 and is downtrending. It has underperformed by 18.87% the S&P500.

Blue Bell Private Wealth Management Llc holds 2.63% of its portfolio in Dividend and Income Fund for 469,050 shares. Bulldog Investors Llc owns 97,033 shares or 0.31% of their US portfolio. Moreover, Highland Capital Management Lp has 0.16% invested in the company for 230,968 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.13% in the stock. Saba Capital Management L.P., a New York-based fund reported 134,376 shares.

Since January 1, 0001, it had 2 buys, and 0 insider sales for $21,843 activity.

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