Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 50.4% in March

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 12,900 shares, a decline of 50.4% from the February 28th total of 26,000 shares. Based on an average daily trading volume, of 86,200 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.4 %

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.05 on Friday, hitting $12.17. The company had a trading volume of 154,533 shares, compared to its average volume of 110,327. The stock has a 50-day moving average of $11.88 and a 200-day moving average of $11.77. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.73 and a twelve month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, June 30th.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of DPG. Dakota Wealth Management acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $133,000. Nwam LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $136,000. B. Riley Wealth Advisors Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 9.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock valued at $142,000 after acquiring an additional 1,085 shares in the last quarter. Walleye Capital LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth approximately $171,000. Finally, Truist Financial Corp grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% during the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after acquiring an additional 2,088 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.