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

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at approximately $25,000. PNC Financial Services Group Inc. raised its stake in Duff & Phelps Utility and Infrastructure Fund by 323.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 8,372 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% in the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 1,573 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth $122,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at $129,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE DPG traded up $0.05 during trading hours on Wednesday, hitting $10.54. 48,826 shares of the company’s stock traded hands, compared to its average volume of 131,430. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $7.90 and a 52 week high of $10.62. The business’s fifty day moving average price is $9.96 and its two-hundred day moving average price is $9.51.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.97%.

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.