Trading was heavy with 69K shares changing hands by the end of trading on Wednesday. Shares saw a steep increase in trading volume of 102.16% over the normal average daily volume.
Short traders are feeling a little more bullish on Chartwell Dividend & Income Fund lately if you take note of the fall in short interest. The company had a fall in short interest between October 13, 2017 and October 31, 2017 of -48.21%. Short shares fell 23,060 over that period. With short interest at 24,770 and short average daily volume at 28,284, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of October 31.
These funds have shifted positions in (DNI). As of quarter end Citigroup Inc had acquired 500 shares growing its position 15.4%. The value of the total investment in Chartwell Dividend & Income Fund increased from $40,000 to $48,000 a change of $8,000 since the last quarter. Raymond James & Associates grew its investment by buying 225,182 shares an increase of 53.6% from 06/30/2017 to 09/30/2017. Raymond James & Associates currently owns 645,120 shares valued at $8,296,000. The value of the position overall is up by 60.0%.
As of the end of the quarter Morgan Stanley had sold a total of 363 shares trimming its stake by 1.6%. The value of the investment in (DNI) went from $284,000 to $291,000 a change of 2.5% quarter over quarter. Guggenheim Capital LLC augmented its holdings by buying 9,942 shares an increase of 22.0%. Guggenheim Capital LLC owns 55,155 shares worth $709,000. The total value of its holdings increased 27.1%.
The company is so far trading up by 0.77% percent from yesterday’s close. Chartwell Dividend & Income Fund’s P/E ratio is N/A and market capitalization is 139.31M.
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. The fund also invests through closed end funds, open end funds, business development companies, exchange traded funds, and real estate investment trusts. It employs fundamental analysis with a focus on such factors as yield, financial strength, profitability, growth potential, and risks to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor’s 500 Composite Index. It was formerly known as Chartwell Dividend & Income Fund Inc. Dividend and Income Fund was formed on June 9, 1998 and is domiciled in the United States..