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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 14,400 shares, a decline 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.

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

A number of large investors have recently bought and sold shares of DPG. Cornerstone Advisors LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 161.2% during the 4th quarter. Cornerstone Advisors LLC now owns 715,547 shares of the investment management company’s stock valued at $6,562,000 after acquiring an additional 441,598 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at $3,613,000. Karpus Management Inc. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 113.5% in the 4th quarter. Karpus Management Inc. now owns 437,735 shares of the investment management company’s stock worth $4,014,000 after buying an additional 232,688 shares during the period. PFG Investments LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth $1,451,000. Finally, RPO LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 103.1% in the 4th quarter. RPO LLC now owns 228,189 shares of the investment management company’s stock worth $2,092,000 after buying an additional 115,822 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

DPG opened at $10.70 on Wednesday. The business has a fifty day moving average of $10.16 and a 200 day moving average of $9.68. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $7.90 and a 52-week high of $10.85.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Monday, September 30th.

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.