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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 23,703 shares, a decrease of 34.9% from the June 15th total of 36,388 shares. Based on an average daily trading volume, of 65,471 shares, the days-to-cover ratio is currently 0.4 days.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.5%

NYSE DPG opened at $14.78 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $12.25 and a 52 week high of $15.15. The stock’s 50-day moving average price is $14.48 and its 200-day moving average price is $14.22.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

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

Large investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth $29,000. Fifth Third Bancorp purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at $31,000. Hilton Head Capital Partners LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at $46,000. B. Riley Wealth Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth $129,000. Finally, PFG Investments LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth $148,000.

About Duff & Phelps Utility and Infrastructure Fund

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.