Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Increases By 333.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 99,291 shares, a growth of 333.4% from the July 15th total of 22,912 shares. Based on an average daily volume of 62,469 shares, the days-to-cover ratio is currently 1.6 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.2%

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.03 on Friday, hitting $14.79. 12,123 shares of the company were exchanged, compared to its average volume of 81,031. The company has a 50-day moving average price of $14.58 and a 200 day moving average price of $14.46. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.36 and a 1-year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, September 30th.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 24.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 108,130 shares of the investment management company’s stock valued at $1,605,000 after acquiring an additional 21,294 shares during the last quarter. NewEdge Advisors LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the first quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after purchasing an additional 1,352 shares during the period. Kanen Wealth Management LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the first quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock worth $7,561,000 after purchasing an additional 6,425 shares during the period. Royal Bank of Canada boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.2% in the 1st quarter. Royal Bank of Canada now owns 230,171 shares of the investment management company’s stock valued at $3,323,000 after purchasing an additional 26,802 shares during the last quarter. Finally, Saba Capital Management L.P. grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 142.3% in the 1st quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock valued at $2,495,000 after buying an additional 101,452 shares during the period.

About Duff & Phelps Utility and Infrastructure Fund

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.