Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Grows By 333.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 99,291 shares, an increase of 333.4% from the July 15th total of 22,912 shares. Based on an average daily trading volume, of 62,469 shares, the short-interest ratio is currently 1.6 days.

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

Several large investors have recently made changes to their positions in DPG. Hennion & Walsh Asset Management Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 24.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,130 shares of the investment management company’s stock worth $1,605,000 after buying an additional 21,294 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st 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 last quarter. Kanen Wealth Management LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock worth $7,561,000 after purchasing an additional 6,425 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.2% in the 1st quarter. Royal Bank of Canada now owns 230,171 shares of the investment management company’s stock valued at $3,323,000 after purchasing an additional 26,802 shares during the period. Finally, Saba Capital Management L.P. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 142.3% during the first quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock worth $2,495,000 after purchasing an additional 101,452 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE DPG traded up $0.08 during mid-day trading on Wednesday, hitting $14.61. The company had a trading volume of 43,458 shares, compared to its average volume of 81,558. The firm has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $14.44. Duff & Phelps Utility and Infrastructure Fund has a one year low of $12.36 and a one year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be paid a $0.075 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, September 30th.

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.