Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 31.6% in October

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 30,800 shares, a decline of 31.6% from the September 30th total of 45,000 shares. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is currently 0.4 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded down $0.15 on Monday, reaching $12.86. The company had a trading volume of 93,913 shares, compared to its average volume of 85,079. The firm’s 50-day moving average price is $12.86 and its two-hundred day moving average price is $12.54. Duff & Phelps Utility and Infrastructure Fund has a 1 year low of $10.45 and a 1 year high of $13.38.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a $0.07 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $467,000. Truist Financial Corp boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 26.9% during the 2nd quarter. Truist Financial Corp now owns 24,484 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 5,193 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at $122,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at $37,000. Finally, Cetera Investment Advisers boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 36.0% during the 1st quarter. Cetera Investment Advisers now owns 53,843 shares of the investment management company’s stock valued at $658,000 after acquiring an additional 14,246 shares during the period.

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.