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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 43,936 shares, an increase of 366.4% from the April 30th total of 9,421 shares. Based on an average daily volume of 106,435 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the first quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after buying an additional 1,352 shares in the last quarter. Kanen Wealth Management LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the first quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock worth $7,561,000 after buying an additional 6,425 shares in the last quarter. Royal Bank of Canada boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.2% during the first quarter. Royal Bank of Canada now owns 230,171 shares of the investment management company’s stock worth $3,323,000 after buying an additional 26,802 shares in the last quarter. Saba Capital Management L.P. boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 142.3% during the first quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock worth $2,495,000 after buying an additional 101,452 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 25.8% during the first quarter. First Trust Advisors LP now owns 137,092 shares of the investment management company’s stock worth $1,980,000 after buying an additional 28,092 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.9%

Duff & Phelps Utility and Infrastructure Fund stock traded down $0.13 during mid-day trading on Friday, hitting $14.34. The company had a trading volume of 61,412 shares, compared to its average volume of 91,523. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $11.97 and a 12-month high of $15.15. The company’s fifty day moving average is $14.57 and its 200-day moving average is $13.84.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.