Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 52.0% in September

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 26,400 shares, a decrease of 52.0% from the August 31st total of 55,000 shares. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is presently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG opened at $13.01 on Friday. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $10.45 and a 1-year high of $13.04. The company’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $12.32.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Wednesday, December 31st.

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

Institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $129,000. Prevail Innovative Wealth Advisors LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 11.0% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 130,451 shares of the investment management company’s stock worth $1,619,000 after acquiring an additional 12,964 shares in the last quarter. Bank of America Corp DE grew its stake in Duff & Phelps Utility and Infrastructure Fund by 23.7% in the second quarter. Bank of America Corp DE now owns 54,935 shares of the investment management company’s stock valued at $682,000 after acquiring an additional 10,540 shares during the period. Raymond James Financial Inc. increased its holdings in shares of 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 valued at $6,361,000 after acquiring an additional 61,960 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $3,950,000.

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.