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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,378 shares, a decline of 62.3% from the December 15th total of 14,248 shares. Based on an average daily trading volume, of 71,355 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 71,355 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter worth $37,000. SeaCrest Wealth Management LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at about $202,000. Truist Financial Corp lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 26.9% during the second quarter. Truist Financial Corp now owns 24,484 shares of the investment management company’s stock valued at $304,000 after buying an additional 5,193 shares during the period. Finally, Catalina Capital Group LLC grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 17.4% in the 2nd quarter. Catalina Capital Group LLC now owns 12,935 shares of the investment management company’s stock valued at $161,000 after buying an additional 1,917 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE DPG traded up $0.11 during trading on Wednesday, hitting $13.01. The stock had a trading volume of 70,316 shares, compared to its average volume of 90,646. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $10.45 and a twelve month high of $13.38. The firm has a 50 day moving average price of $12.89 and a 200 day moving average price of $12.78.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.