Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Significant Growth in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 39,800 shares, an increase of 194.8% from the September 15th total of 13,500 shares. Based on an average daily volume of 127,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 28.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 32,715 shares of the investment management company’s stock valued at $322,000 after buying an additional 7,327 shares during the period. Concorde Asset Management LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the second quarter worth about $298,000. Moors & Cabot Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the second quarter worth about $253,000. J.W. Cole Advisors Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 48.8% during the second quarter. J.W. Cole Advisors Inc. now owns 177,627 shares of the investment management company’s stock worth $1,746,000 after purchasing an additional 58,279 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 270.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock valued at $98,000 after purchasing an additional 7,298 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.4 %

DPG traded up $0.16 on Friday, hitting $11.52. 99,012 shares of the stock traded hands, compared to its average volume of 132,401. The business has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $10.28. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $8.16 and a 52 week high of $11.84.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, October 31st.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.