Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Decreases By 14.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 15,400 shares, a drop of 14.4% from the June 30th total of 18,000 shares. Based on an average daily volume of 118,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DPG. Blue Bell Private Wealth Management LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $25,000. PNC Financial Services Group Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 323.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock worth $101,000 after purchasing an additional 8,372 shares in the last quarter. Cetera Advisors LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st 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. Nomura Holdings Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $122,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $129,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG stock traded down $0.05 on Monday, reaching $10.50. 123,504 shares of the company’s stock traded hands, compared to its average volume of 132,154. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $7.90 and a 12-month high of $10.62. The business’s 50 day moving average price is $9.95 and its two-hundred day moving average price is $9.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 8.00%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.