Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Stock Short Interest Report for September

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,295 shares, a decrease of 41.2% from the September 15th total of 27,700 shares. Based on an average daily volume of 107,204 shares, the short-interest ratio is currently 0.2 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.2%

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.16 during trading on Friday, reaching $13.30. 82,512 shares of the stock traded hands, compared to its average volume of 79,719. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $12.53 and a 52-week high of $15.15. The business has a fifty day simple moving average of $13.79 and a two-hundred day simple moving average of $14.31.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 31st will be paid a dividend of $0.0750 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.90 dividend on an annualized basis and a yield of 6.8%.

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 25.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after acquiring an additional 125,977 shares during the last quarter. Kanen Wealth Management LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock worth $7,561,000 after acquiring an additional 6,425 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.2% during the 1st quarter. Royal Bank of Canada now owns 230,171 shares of the investment management company’s stock valued at $3,323,000 after acquiring an additional 26,802 shares during the last quarter. Bulldog Investors LLP bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at approximately $2,543,000. Finally, Saba Capital Management L.P. boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 142.3% during the 1st quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock valued at $2,495,000 after acquiring an additional 101,452 shares during the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment fund listed on the New York Stock Exchange under the symbol DPG. The fund was designed to provide investors with exposure to companies involved in utilities and infrastructure, including electric, gas, water and telecommunications businesses.

The fund primarily invested in equity securities, such as common and preferred stocks, as well as other securities issued by utility and infrastructure companies. Its portfolio could include companies operating in the United States and international markets, giving investors access to infrastructure-related businesses across multiple geographies.

DPG was associated with Duff & Phelps Investment Management, an investment manager known for specializing in utility, infrastructure and related asset classes.