Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Significant Growth in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 14,562 shares, an increase of 236.1% from the October 15th total of 4,332 shares. Based on an average trading volume of 55,661 shares, the short-interest ratio is presently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.7%

Shares of NYSE DPG traded up $0.10 on Friday, hitting $14.03. The company’s stock had a trading volume of 40,584 shares, compared to its average volume of 77,527. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $12.53 and a 12-month high of $15.15. The stock has a 50 day moving average of $13.50 and a 200-day moving average of $14.24.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 31st will be given a dividend of $0.0750 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Thursday, December 31st.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in Duff & Phelps Utility and Infrastructure Fund by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 36,934 shares of the investment management company’s stock worth $474,000 after buying an additional 1,143 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% in the first quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after acquiring an additional 1,352 shares during the last quarter. Smith Moore & CO. lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.5% in the third quarter. Smith Moore & CO. now owns 11,420 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 1,362 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $31,000. Finally, Concorde Asset Management LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 7.3% in the second quarter. Concorde Asset Management LLC now owns 61,620 shares of the investment management company’s stock valued at $919,000 after acquiring an additional 4,200 shares in the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund, Inc. is a closed-end investment company that seeks to provide investors with exposure to the global utility and infrastructure sectors. Rather than operating utility assets directly, the fund invests in a portfolio of companies involved in producing, transmitting, distributing and supplying electricity, natural gas and water, as well as businesses associated with communications, transportation and other infrastructure. The fund may invest in common stocks, preferred securities and other income-producing securities issued by utility and infrastructure companies.