Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Grows By 333.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 99,291 shares, a growth of 333.4% from the July 15th total of 22,912 shares. Based on an average trading volume of 62,469 shares, the days-to-cover ratio is presently 1.6 days.

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

Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,353,361 shares of the investment management company’s stock worth $17,201,000 after buying an additional 12,827 shares during the period. Advisors Asset Management Inc. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 6.2% in the 4th quarter. Advisors Asset Management Inc. now owns 1,079,379 shares of the investment management company’s stock valued at $13,719,000 after acquiring an additional 62,834 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 25.3% during 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 acquiring an additional 125,977 shares during the last quarter. Kanen Wealth Management LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after acquiring an additional 311,979 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Duff & Phelps Utility and Infrastructure Fund by 13.8% during the second quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock worth $6,361,000 after acquiring an additional 61,960 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.6%

Shares of DPG stock traded up $0.08 during trading on Wednesday, reaching $14.61. 43,458 shares of the company’s stock were exchanged, compared to its average volume of 81,558. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $12.36 and a twelve month high of $15.15. The firm’s fifty day moving average price is $14.56 and its 200-day moving average price is $14.44.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.075 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

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.