Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Declines By 14.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 15,400 shares, a decline of 14.4% from the June 30th total of 18,000 shares. Based on an average daily volume of 118,500 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $25,000. PNC Financial Services Group Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 323.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock worth $101,000 after acquiring an additional 8,372 shares in the last quarter. Cetera Advisors LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 15.7% in the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after acquiring an additional 1,573 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $122,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $129,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG traded down $0.05 during trading on Monday, hitting $10.50. 123,504 shares of the stock traded hands, compared to its average volume of 132,154. The company has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $9.50. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $7.90 and a 52-week high of $10.62.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend is Monday, September 30th.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.