Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Shorted: Short Interest Down 53.8% in September

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 27,700 shares, a decrease of 53.8% from the August 31st total of 59,971 shares. Based on an average trading volume of 60,039 shares, the short-interest ratio is currently 0.5 days.

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

Hedge funds have recently bought and sold shares of the company. Catalina Capital Group LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the first quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after purchasing an additional 716 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 1.2% in the first quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after purchasing an additional 1,352 shares during the period. CENTRAL TRUST Co bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at $29,000. Fifth Third Bancorp bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at $31,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth $46,000.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.8%

NYSE DPG traded down $0.10 during trading hours on Monday, reaching $12.82. 109,035 shares of the company traded hands, compared to its average volume of 78,788. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $12.53 and a 12 month high of $15.15. The company has a 50 day moving average of $14.31 and a two-hundred day moving average of $14.45.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 31st will be paid a $0.0750 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, December 31st.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment company listed on the New York Stock Exchange under the symbol DPG. Rather than operating utility or infrastructure assets directly, the fund invested in publicly traded companies involved in essential services and infrastructure.

The fund’s portfolio generally focused on electric, gas and water utilities; telecommunications companies; energy infrastructure businesses; transportation-related infrastructure; and other companies connected to the development, ownership or operation of infrastructure assets.