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 during the month of September. As of September 30th, there was short interest totaling 16,295 shares, a decline of 41.2% from the September 15th total of 27,700 shares. Based on an average daily trading volume, of 107,204 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Large investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. raised its position in Duff & Phelps Utility and Infrastructure Fund by 142.3% during the first quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock valued at $2,495,000 after purchasing an additional 101,452 shares during the period. Bulldog Investors LLP purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $2,543,000. Allspring Global Investments Holdings LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock valued at $9,021,000 after purchasing an additional 125,977 shares during the last quarter. Kanen Wealth Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock valued at $7,561,000 after purchasing an additional 6,425 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 25.8% during the 1st quarter. First Trust Advisors LP now owns 137,092 shares of the investment management company’s stock valued at $1,980,000 after purchasing an additional 28,092 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $13.13 on Thursday. The company’s 50-day moving average price is $13.85 and its 200-day moving average price is $14.32. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $12.53 and a twelve month high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 31st will be given a $0.0750 dividend. The ex-dividend date is Thursday, December 31st. This represents a $0.90 annualized dividend and a yield of 6.9%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment fund listed on the New York Stock Exchange under the symbol DPG. The fund was designed to provide investors with exposure to companies involved in utilities and infrastructure, including electric, gas, water and telecommunications businesses.

The fund primarily invested in equity securities, such as common and preferred stocks, as well as other securities issued by utility and infrastructure companies. Its portfolio could include companies operating in the United States and international markets, giving investors access to infrastructure-related businesses across multiple geographies.

DPG was associated with Duff & Phelps Investment Management, an investment manager known for specializing in utility, infrastructure and related asset classes.