Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Large Drop in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 36,300 shares, a decline of 7.4% from the October 15th total of 39,200 shares. Based on an average daily volume of 119,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DPG. B. Riley Wealth Advisors Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 35.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 6,658 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock valued at $111,000 after buying an additional 1,573 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 73.5% during the 1st quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock worth $904,000 after acquiring an additional 40,083 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 37.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock worth $5,703,000 after acquiring an additional 158,152 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth about $298,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG opened at $12.02 on Wednesday. The company’s 50-day moving average is $11.61 and its 200 day moving average is $10.73. Duff & Phelps Utility and Infrastructure Fund has a fifty-two week low of $8.70 and a fifty-two week high of $12.09.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a $0.07 dividend. This represents a yield of 7.39%. The ex-dividend date was Thursday, October 31st.

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.