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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 26,500 shares, a drop of 46.9% from the January 31st total of 49,900 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $133,000. Nwam LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth $136,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 9.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock worth $142,000 after acquiring an additional 1,085 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth $171,000. Finally, Truist Financial Corp boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% during the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after acquiring an additional 2,088 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock opened at $11.92 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $8.73 and a 12-month high of $12.50. The firm’s 50 day moving average is $11.76 and its 200 day moving average is $11.63.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.07 dividend. This represents a yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.