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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 16,295 shares, a decline of 41.2% from the September 15th total of 27,700 shares. Based on an average daily volume of 107,204 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at about $29,000. Fifth Third Bancorp bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $31,000. PFG Investments LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $148,000. Evolve Private Wealth LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $168,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter worth about $180,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

DPG stock opened at $13.13 on Thursday. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.53 and a 1-year high of $15.15. The business has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $14.32.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 31st will be issued a $0.0750 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, December 31st.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment fund listed on the New York Stock Exchange under the symbol DPG. The fund was designed to provide investors with exposure to companies involved in utilities and infrastructure, including electric, gas, water and telecommunications businesses.

The fund primarily invested in equity securities, such as common and preferred stocks, as well as other securities issued by utility and infrastructure companies. Its portfolio could include companies operating in the United States and international markets, giving investors access to infrastructure-related businesses across multiple geographies.

DPG was associated with Duff & Phelps Investment Management, an investment manager known for specializing in utility, infrastructure and related asset classes.