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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 96,400 shares, an increase of 65.4% from the December 15th total of 58,300 shares. Based on an average daily volume of 98,300 shares, the days-to-cover ratio is presently 1.0 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG traded up $0.09 on Friday, hitting $11.89. The company had a trading volume of 34,840 shares, compared to its average volume of 80,822. The stock has a 50 day moving average price of $11.83 and a 200 day moving average price of $11.29. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $8.70 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 31st.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several hedge funds have recently bought and sold shares of the stock. Moors & Cabot Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at approximately $253,000. Concorde Asset Management LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $298,000. B. Riley Wealth Advisors Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 28.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 32,715 shares of the investment management company’s stock valued at $322,000 after buying an additional 7,327 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in Duff & Phelps Utility and Infrastructure Fund by 7.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 259,100 shares of the investment management company’s stock worth $3,042,000 after buying an additional 16,961 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 45.5% during the third quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after buying an additional 80,892 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.