Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Decreases By 7.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 36,300 shares, a decrease 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 currently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 2.1 %

Shares of Duff & Phelps Utility and Infrastructure Fund stock opened at $12.07 on Tuesday. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $8.70 and a 52-week high of $12.09. The company has a fifty day moving average of $11.58 and a 200-day moving average of $10.69.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 7.39%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock worth $3,860,000 after purchasing an additional 1,055 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 5.2% in the 2nd quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock worth $262,000 after purchasing an additional 1,319 shares in the last quarter. Cetera Advisors LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 15.7% in the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,573 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 38.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after purchasing an additional 4,896 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 35.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock worth $243,000 after purchasing an additional 6,658 shares in the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

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.