Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Grows By 97.8%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,724 shares, an increase of 97.8% from the January 15th total of 4,917 shares. Based on an average daily volume of 87,457 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 87,457 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.9%

Shares of Duff & Phelps Utility and Infrastructure Fund stock opened at $14.37 on Friday. The business’s fifty day moving average price is $13.07 and its 200 day moving average price is $12.93. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $10.45 and a twelve month high of $14.47.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

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

Several institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 6.2% during the 4th quarter. Advisors Asset Management Inc. now owns 1,079,379 shares of the investment management company’s stock valued at $13,719,000 after acquiring an additional 62,834 shares in the last quarter. Kanen Wealth Management LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after buying an additional 311,979 shares during the period. Raymond James Financial Inc. lifted its position in Duff & Phelps Utility and Infrastructure Fund by 13.8% during the 2nd quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock worth $6,361,000 after acquiring an additional 61,960 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 12.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,756 shares of the investment management company’s stock worth $6,339,000 after acquiring an additional 56,105 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 3.0% in the 4th quarter. LPL Financial LLC now owns 355,576 shares of the investment management company’s stock worth $4,519,000 after acquiring an additional 10,234 shares during the period.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.