Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Update

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 12,900 shares, a decline of 50.4% from the February 28th total of 26,000 shares. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DPG. Walleye Capital LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $171,000. Virtu Financial LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at about $327,000. Cascade Investment Group Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $307,000. Kanen Wealth Management LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $3,193,000. Finally, Dakota Wealth Management purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $133,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.05 during mid-day trading on Friday, hitting $12.17. 154,533 shares of the stock were exchanged, compared to its average volume of 110,327. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.73 and a twelve month high of $12.50. The company has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $11.77.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%.

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.