Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Stock Short Interest Falls 53.8%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 27,700 shares, a decrease of 53.8% from the August 31st total of 59,971 shares. Based on an average daily trading volume, of 60,039 shares, the short-interest ratio is presently 0.5 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock traded down $0.10 during trading hours on Monday, reaching $12.82. The company had a trading volume of 109,035 shares, compared to its average volume of 78,788. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $12.53 and a twelve month high of $15.15. The stock’s fifty day simple moving average is $14.31 and its 200 day simple moving average is $14.45.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 11th. Shareholders of record on Thursday, December 31st will be issued a $0.0750 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Thursday, December 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds have recently made changes to their positions in DPG. CENTRAL TRUST Co purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at $31,000. Hilton Head Capital Partners LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth $46,000. PFG Investments LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth $148,000. Finally, Evolve Private Wealth LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth $168,000.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment company listed on the New York Stock Exchange under the symbol DPG. Rather than operating utility or infrastructure assets directly, the fund invested in publicly traded companies involved in essential services and infrastructure.

The fund’s portfolio generally focused on electric, gas and water utilities; telecommunications companies; energy infrastructure businesses; transportation-related infrastructure; and other companies connected to the development, ownership or operation of infrastructure assets.