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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 14,562 shares, an increase of 236.1% from the October 15th total of 4,332 shares. Based on an average daily volume of 55,661 shares, the days-to-cover ratio is currently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG traded down $0.01 during midday trading on Thursday, hitting $13.95. 63,968 shares of the company were exchanged, compared to its average volume of 77,697. The company’s 50 day simple moving average is $13.50 and its 200 day simple moving average is $14.23. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.53 and a 1-year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 31st will be issued a $0.0750 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, December 31st.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 7.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 867,309 shares of the investment management company’s stock valued at $11,119,000 after purchasing an additional 60,813 shares in the last quarter. Kanen Wealth Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% in the first quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock valued at $7,561,000 after buying an additional 6,425 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $6,719,000. Royal Bank of Canada raised its position 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 acquiring an additional 26,802 shares during the period. Finally, Bulldog Investors LLP acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the first quarter worth $2,543,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund, Inc. is a closed-end investment company that seeks to provide investors with exposure to the global utility and infrastructure sectors. Rather than operating utility assets directly, the fund invests in a portfolio of companies involved in producing, transmitting, distributing and supplying electricity, natural gas and water, as well as businesses associated with communications, transportation and other infrastructure. The fund may invest in common stocks, preferred securities and other income-producing securities issued by utility and infrastructure companies.