Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Significant Decline in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 26,500 shares, a decrease of 46.9% from the January 31st total of 49,900 shares. Based on an average trading volume of 89,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 37.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,281,682 shares of the investment management company’s stock valued at $14,983,000 after purchasing an additional 347,248 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $5,638,000. United Advisor Group LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 4.9% in the 4th quarter. United Advisor Group LLC now owns 345,032 shares of the investment management company’s stock valued at $4,033,000 after purchasing an additional 16,230 shares during the period. LPL Financial LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 2.6% in the 4th quarter. LPL Financial LLC now owns 317,753 shares of the investment management company’s stock valued at $3,715,000 after purchasing an additional 8,176 shares during the period. Finally, Kanen Wealth Management LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $3,193,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.6 %

Shares of NYSE:DPG traded up $0.07 on Friday, hitting $11.92. 76,989 shares of the company’s stock were exchanged, compared to its average volume of 80,648. The firm’s 50-day moving average is $11.77 and its 200 day moving average is $11.65. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $8.73 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 7.13%.

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.