Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Declines By 31.6%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 30,800 shares, a decline of 31.6% from the September 30th total of 45,000 shares. Based on an average daily volume of 78,400 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 78,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DPG. Kanen Wealth Management LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $467,000. Prevail Innovative Wealth Advisors LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 27.6% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 117,487 shares of the investment management company’s stock worth $1,437,000 after purchasing an additional 25,383 shares during the period. Nwam LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 43.7% in the 1st quarter. Nwam LLC now owns 16,766 shares of the investment management company’s stock worth $205,000 after purchasing an additional 5,096 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $302,000.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.7%

Shares of NYSE DPG traded down $0.09 during midday trading on Tuesday, reaching $12.76. The stock had a trading volume of 75,483 shares, compared to its average volume of 85,034. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $10.45 and a twelve month high of $13.38. The company’s 50 day moving average price is $12.86 and its 200 day moving average price is $12.54.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be given a $0.07 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.