Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 18,000 shares, a growth of 181.3% from the June 15th total of 6,400 shares. Based on an average trading volume of 120,500 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DPG. Raymond James Financial Services Advisors Inc. grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 8.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 233,976 shares of the investment management company’s stock valued at $2,146,000 after purchasing an additional 17,772 shares during the period. Raymond James & Associates grew its position in Duff & Phelps Utility and Infrastructure Fund by 42.6% during the fourth quarter. Raymond James & Associates now owns 139,420 shares of the investment management company’s stock valued at $1,278,000 after buying an additional 41,625 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at approximately $129,000. Nomura Holdings Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $122,000. Finally, Consolidated Portfolio Review Corp raised its position in Duff & Phelps Utility and Infrastructure Fund by 14.9% in the fourth quarter. Consolidated Portfolio Review Corp now owns 49,745 shares of the investment management company’s stock worth $456,000 after acquiring an additional 6,465 shares during the period.
Duff & Phelps Utility and Infrastructure Fund Price Performance
DPG traded up $0.16 during mid-day trading on Friday, reaching $10.25. 77,047 shares of the company traded hands, compared to its average volume of 134,861. The company’s fifty day moving average price is $9.87 and its 200-day moving average price is $9.43. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $7.90 and a 52-week high of $10.29.
Duff & Phelps Utility and Infrastructure Fund Announces Dividend
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.
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