Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Drops By 6.5%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 14,400 shares, a decrease of 6.5% from the July 15th total of 15,400 shares. Based on an average trading volume of 118,100 shares, the days-to-cover ratio is presently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock opened at $10.72 on Monday. The firm has a fifty day moving average of $10.13 and a two-hundred day moving average of $9.65. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $7.90 and a 1-year high of $10.79.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 7.84%. The ex-dividend date is Monday, September 30th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 270.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock worth $98,000 after purchasing an additional 7,298 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 323.2% during the fourth 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 during the last quarter. Cetera Advisors LLC increased its holdings in shares of 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 during the period. Nomura Holdings Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $122,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at about $129,000.

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.