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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 12,900 shares, a decline of 50.4% from the February 28th total of 26,000 shares. Based on an average daily trading volume, of 86,200 shares, the days-to-cover ratio is presently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.4 %

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.05 during trading hours on Friday, hitting $12.17. 154,533 shares of the company’s stock traded hands, compared to its average volume of 110,327. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.73 and a twelve month high of $12.50. The stock has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $11.77.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%.

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

Institutional investors have recently made changes to their positions in the business. Dakota Wealth Management acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth approximately $133,000. Nwam LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at $136,000. B. Riley Wealth Advisors Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 9.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock worth $142,000 after acquiring an additional 1,085 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth about $171,000. Finally, Truist Financial Corp increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after purchasing an additional 2,088 shares during the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

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.