Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Large Drop in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 26,500 shares, a decrease of 46.9% from the January 31st total of 49,900 shares. Based on an average daily trading volume, of 89,400 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently made changes to their positions in the business. United Advisor Group LLC boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 0.3% during the third quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock worth $3,860,000 after purchasing an additional 1,055 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 9.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock worth $142,000 after purchasing an additional 1,085 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% during the fourth quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after purchasing an additional 2,088 shares during the last quarter. Walleye Capital LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 30.5% in the fourth quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock valued at $222,000 after acquiring an additional 4,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 38.8% in the third quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock valued at $205,000 after acquiring an additional 4,896 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE:DPG traded up $0.07 during trading hours on Friday, reaching $11.92. 76,989 shares of the company traded hands, compared to its average volume of 80,648. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $8.73 and a 1-year high of $12.50. The firm’s 50-day moving average is $11.77 and its 200-day moving average is $11.65.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.07 per share. This represents a dividend yield of 7.13%. The ex-dividend date was Friday, January 31st.

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.