Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Grows By 97.8%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,724 shares, an increase of 97.8% from the January 15th total of 4,917 shares. Based on an average trading volume of 87,457 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 87,457 shares, the days-to-cover ratio is presently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $14.37 on Friday. Duff & Phelps Utility and Infrastructure Fund has a one year low of $10.45 and a one year high of $14.47. The stock has a 50-day moving average price of $13.07 and a 200 day moving average price of $12.93.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, March 31st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Concorde Asset Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 21.6% in the 4th quarter. Concorde Asset Management LLC now owns 57,520 shares of the investment management company’s stock worth $731,000 after purchasing an additional 10,220 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Duff & Phelps Utility and Infrastructure Fund by 6.2% in the fourth quarter. Advisors Asset Management Inc. now owns 1,079,379 shares of the investment management company’s stock worth $13,719,000 after purchasing an additional 62,834 shares in the last quarter. Wedbush Securities Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 10.5% in the fourth quarter. Wedbush Securities Inc. now owns 27,460 shares of the investment management company’s stock valued at $349,000 after buying an additional 2,604 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,491 shares of the investment management company’s stock valued at $311,000 after buying an additional 2,719 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 3.0% during the fourth quarter. LPL Financial LLC now owns 355,576 shares of the investment management company’s stock valued at $4,519,000 after buying an additional 10,234 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.