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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 96,400 shares, a growth of 65.4% from the December 15th total of 58,300 shares. Based on an average trading volume of 98,300 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DPG. Kanen Wealth Management LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at about $3,193,000. J.W. Cole Advisors Inc. grew its position in Duff & Phelps Utility and Infrastructure Fund by 45.5% in the third quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after buying an additional 80,892 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 33.0% in the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock valued at $1,883,000 after buying an additional 39,762 shares in the last quarter. Concorde Asset Management LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth $298,000. Finally, Virtu Financial LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth $327,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.8 %

Duff & Phelps Utility and Infrastructure Fund stock traded up $0.09 during midday trading on Friday, reaching $11.89. 31,157 shares of the stock traded hands, compared to its average volume of 80,009. Duff & Phelps Utility and Infrastructure Fund has a fifty-two week low of $8.70 and a fifty-two week high of $12.50. The firm has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $11.29.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be given a dividend of $0.07 per share. The ex-dividend date is Friday, January 31st.

About Duff & Phelps Utility and Infrastructure Fund

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.