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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 5,378 shares, a decrease of 62.3% from the December 15th total of 14,248 shares. Based on an average trading volume of 71,355 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 71,355 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock traded up $0.12 during trading hours on Friday, reaching $13.11. The company had a trading volume of 13,740 shares, compared to its average volume of 89,300. Duff & Phelps Utility and Infrastructure Fund has a one year low of $10.45 and a one year high of $13.38. The business has a fifty day moving average price of $12.89 and a 200-day moving average price of $12.78.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, March 31st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kanen Wealth Management LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after buying an additional 311,979 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in Duff & Phelps Utility and Infrastructure Fund in the second quarter worth about $37,000. SeaCrest Wealth Management LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at approximately $202,000. Truist Financial Corp increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 26.9% during the second quarter. Truist Financial Corp now owns 24,484 shares of the investment management company’s stock worth $304,000 after purchasing an additional 5,193 shares in the last quarter. Finally, Catalina Capital Group LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 17.4% during the second quarter. Catalina Capital Group LLC now owns 12,935 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 1,917 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.