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 target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 26,500 shares, a decline of 46.9% from the January 31st total of 49,900 shares. Based on an average daily volume of 89,400 shares, the short-interest ratio is currently 0.3 days.

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

A number of large investors have recently modified their holdings of the stock. Walleye Capital LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth approximately $171,000. United Advisor Group LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 0.3% in 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 period. Advisors Asset Management Inc. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 33.0% in the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock worth $1,883,000 after purchasing an additional 39,762 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 38.8% during 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 buying an additional 4,896 shares during the period. Finally, Nwam LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth about $136,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.7 %

DPG traded up $0.09 during trading on Monday, hitting $12.00. 78,404 shares of the stock traded hands, compared to its average volume of 80,590. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $8.73 and a 12-month high of $12.50. The firm has a 50-day moving average of $11.77 and a 200 day moving average of $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 given a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 7.13%.

About Duff & Phelps Utility and Infrastructure Fund

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.