Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Declines By 50.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 12,900 shares, a decrease of 50.4% from the February 28th total of 26,000 shares. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dakota Wealth Management bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $133,000. Nwam LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $136,000. B. Riley Wealth Advisors Inc. grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 9.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock worth $142,000 after buying an additional 1,085 shares during the period. Walleye Capital LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at about $171,000. Finally, Truist Financial Corp raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 2,088 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

DPG stock traded up $0.05 during trading on Friday, hitting $12.17. The company had a trading volume of 154,533 shares, compared to its average volume of 110,327. The firm has a 50-day moving average price of $11.88 and a 200-day moving average price of $11.77. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $8.73 and a 12 month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.