Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Up 397.7% in April

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 9,421 shares, a growth of 397.7% from the April 15th total of 1,893 shares. Based on an average trading volume of 75,686 shares, the short-interest ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.2%

DPG opened at $14.65 on Wednesday. The firm’s 50 day moving average is $14.57 and its 200-day moving average is $13.71. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $11.85 and a 52-week high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.7%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GS Investments Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at about $26,000. CENTRAL TRUST Co purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $29,000. Fifth Third Bancorp acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $31,000. Hilton Head Capital Partners LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $46,000. Finally, PFG Investments LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at about $148,000.

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.