Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Update

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 33,300 shares, a drop of 9.0% from the November 15th total of 36,600 shares. Based on an average daily volume of 109,100 shares, the days-to-cover ratio is currently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE DPG traded down $0.19 during trading on Tuesday, hitting $11.59. The stock had a trading volume of 169,731 shares, compared to its average volume of 126,165. The firm has a fifty day moving average of $11.81 and a two-hundred day moving average of $11.03. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $8.70 and a 12 month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.07 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.84 annualized dividend and a yield of 7.25%.

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

Several hedge funds have recently modified their holdings of the company. United Advisor Group LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the third quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after acquiring an additional 1,055 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Duff & Phelps Utility and Infrastructure Fund by 5.2% during the second quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,319 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% in the first 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 boosted 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 buying an additional 4,896 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 270.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock valued at $98,000 after acquiring an additional 7,298 shares during the period.

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.