Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Update

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 36,388 shares, a drop of 34.6% from the May 31st total of 55,627 shares. Based on an average daily trading volume, of 71,251 shares, the short-interest ratio is currently 0.5 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in DPG. Kanen Wealth Management LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after buying an additional 311,979 shares during the last quarter. Bulldog Investors LLP bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at approximately $2,543,000. Allspring Global Investments Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 25.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after buying an additional 125,977 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 148.9% in the third quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after buying an additional 125,706 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at approximately $1,435,000.

Duff & Phelps Utility and Infrastructure Fund Stock Down 1.0%

NYSE DPG opened at $14.69 on Thursday. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.13 and a 1-year high of $15.15. The firm’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.06.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.