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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGGet Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 18,900 shares, a drop of 10.0% from the April 15th total of 21,000 shares. Based on an average trading volume of 139,100 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.7 %

NYSE DPG opened at $9.98 on Wednesday. The business’s 50 day moving average is $9.38 and its two-hundred day moving average is $9.20. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $7.90 and a 12-month high of $13.04.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date is Monday, June 17th.

Insiders Place Their Bets

In related news, CEO David D. Jr. Grumhaus purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average price of $9.42 per share, for a total transaction of $28,260.00. Following the completion of the purchase, the chief executive officer now directly owns 8,000 shares of the company’s stock, valued at $75,360. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth $25,000. Consolidated Portfolio Review Corp boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 14.9% during the fourth quarter. Consolidated Portfolio Review Corp now owns 49,745 shares of the investment management company’s stock worth $456,000 after buying an additional 6,465 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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 worth $101,000 after buying an additional 8,372 shares during the period. Nomura Holdings Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $122,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $129,000.

About Duff & Phelps Utility and Infrastructure Fund

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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.

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