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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 23,703 shares, a decline of 34.9% from the June 15th total of 36,388 shares. Based on an average daily volume of 65,471 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 12.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 498,756 shares of the investment management company’s stock worth $6,339,000 after purchasing an additional 56,105 shares during the last quarter. Kanen Wealth Management LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 114.2% in the first 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 in the last quarter. Closed End Fund Advisors Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $515,000. Hennion & Walsh Asset Management Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 133.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 73,286 shares of the investment management company’s stock valued at $931,000 after buying an additional 41,886 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Duff & Phelps Utility and Infrastructure Fund by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,353,361 shares of the investment management company’s stock valued at $17,201,000 after buying an additional 12,827 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.03 on Friday, hitting $14.88. 32,954 shares of the company’s stock traded hands, compared to its average volume of 84,048. The firm’s 50-day moving average is $14.48 and its 200 day moving average is $14.22. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $12.25 and a 52-week high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.0%.

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.