Duff & Phelps Select Energy MLP (NYSE:DSE):
Duff & Phelps Select Energy MLP Fund Inc. Declares Quarterly Distribution of $0.22 per Share.
The company is up from yesterday’s close of $5.76.
Duff & Phelps Select Energy MLP Fund Inc. is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc. The fund is co-managed by Duff & Phelps Investment Management Co. and Virtus Alternative Investment Advisers, Inc. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector, with an emphasis on companies involved in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. It primarily invests in equity securities of midstream MLPs and stocks of companies across all market capitalizations. The fund employs both fundamental and quantitative analysis with a bottom-up stock picking approach, focusing on such factors as management philosophy and track record, competitive advantages via barriers to entry, long-term customer relationships and geographic footprint, regulatory landscape via permitting and export laws, quality of asset drop-down inventory including right of first offer, and assessment of fee-based contract structure including minimum volume commitments, inflation escalators, and take-or-pay provisions to create its portfolio. Duff & Phelps Select Energy MLP Fund Inc. was formed on March 28, 2014 and is domiciled in the United States..
The stock is trading at $5.87 slightly below $6.28, the 50 day moving average and which is significantly below the 200 day moving average of $6.88. The 50 day moving average went down $-0.41 or -6.57% whereas the 200 day moving average was down $-1.01 or -14.64%.
Investors are a little more bullish on Duff & Phelps Select Energy MLP lately if you take note of the motion in short interest. The company saw a fall in short interest of -80.83% as of October 13, 2017 from the last reporting period. Short interest decreased from 32,103 to 6,154 over that timeframe.