Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Decreases By 90.8%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,893 shares, a drop of 90.8% from the March 31st total of 20,683 shares. Based on an average daily volume of 74,774 shares, the short-interest ratio is currently 0.0 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock traded up $0.02 on Friday, reaching $14.71. 45,450 shares of the company’s stock were exchanged, compared to its average volume of 93,746. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $11.85 and a 52 week high of $15.15. The company’s fifty day simple moving average is $14.54 and its 200 day simple moving average is $13.60.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Catalina Capital Group LLC lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.5% during the 1st quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after acquiring an additional 716 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $29,000. Evolve Private Wealth LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $168,000. Invesco Ltd. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 4.2% during the 4th quarter. Invesco Ltd. now owns 50,427 shares of the investment management company’s stock worth $641,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Kanen Wealth Management LLC lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 2.2% during the 4th quarter. Kanen Wealth Management LLC now owns 517,160 shares of the investment management company’s stock worth $6,611,000 after acquiring an additional 10,892 shares during the last quarter.

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.