Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 34.6% in June

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 36,388 shares, a decrease of 34.6% from the May 31st total of 55,627 shares. Based on an average daily volume of 71,251 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC grew its holdings 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 valued at $7,156,000 after purchasing an additional 311,979 shares during the period. Bulldog Investors LLP bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $2,543,000. Allspring Global Investments Holdings LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock valued at $9,021,000 after buying an additional 125,977 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 148.9% during the 3rd quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock valued at $2,713,000 after buying an additional 125,706 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at approximately $1,435,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE DPG traded up $0.00 during trading hours on Friday, hitting $14.67. The company’s stock had a trading volume of 29,511 shares, compared to its average volume of 86,668. The company’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $14.07. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $12.13 and a 12 month 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 paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.