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 large decline in short interest during the month of June. As of June 30th, there was short interest totaling 23,703 shares, a decline of 34.9% from the June 15th total of 36,388 shares. Based on an average trading volume of 65,471 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Kanen Wealth Management LLC lifted its position in shares of 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 buying an additional 311,979 shares during the last quarter. Bulldog Investors LLP bought a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $2,543,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 worth $9,021,000 after acquiring an additional 125,977 shares during the last quarter. Pathstone Holdings LLC boosted its stake in 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 valued at $2,713,000 after acquiring an additional 125,706 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at approximately $1,435,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock traded up $0.03 on Friday, hitting $14.88. 32,954 shares of the stock traded hands, compared to its average volume of 84,048. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.25 and a 1-year high of $15.15. The company’s fifty day moving average is $14.48 and its 200 day moving average is $14.22.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.0%.

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.