Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Increases By 65.4%

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

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

A number of hedge funds have recently made changes to their positions in DPG. Walleye Capital LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at approximately $171,000. Concorde Asset Management LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at $298,000. J.W. Cole Advisors Inc. raised its stake 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 valued at $3,035,000 after purchasing an additional 80,892 shares in the last quarter. United Advisor Group LLC lifted its holdings 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 worth $3,860,000 after purchasing an additional 1,055 shares during the period. Finally, Moors & Cabot Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at about $253,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.9 %

NYSE:DPG traded up $0.11 during midday trading on Friday, reaching $11.91. 46,462 shares of the company traded hands, compared to its average volume of 82,159. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.70 and a twelve month high of $12.50. The company has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.29.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

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.