Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Update

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 36,388 shares, a decrease of 34.6% from the May 31st total of 55,627 shares. Based on an average daily volume of 71,251 shares, the short-interest ratio is presently 0.5 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $14.69 on Thursday. The business’s 50-day moving average price is $14.46 and its 200 day moving average price is $14.06. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.13 and a 1-year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th.

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

A number of large investors have recently made changes to their positions in the company. Kanen Wealth Management LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the period. Bulldog Investors LLP purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $2,543,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock valued at $9,021,000 after purchasing an additional 125,977 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 148.9% in the third quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after buying an additional 125,706 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the third quarter worth $1,435,000.

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.