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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 43,936 shares, an increase of 366.4% from the April 30th total of 9,421 shares. Based on an average daily volume of 106,435 shares, the short-interest ratio is presently 0.4 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE:DPG opened at $14.49 on Friday. The company’s 50 day moving average price is $14.58 and its two-hundred day moving average price is $13.84. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $11.97 and a 12-month high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several large investors have recently made changes to their positions in DPG. Advisors Asset Management Inc. boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 50.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock worth $13,124,000 after acquiring an additional 341,856 shares in the last quarter. Kanen Wealth Management LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after acquiring an additional 311,979 shares in the last quarter. Bulldog Investors LLP acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $2,543,000. Allspring Global Investments Holdings LLC boosted 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 worth $9,021,000 after acquiring an additional 125,977 shares in the last quarter. Finally, Pathstone Holdings LLC boosted 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 worth $2,713,000 after acquiring an additional 125,706 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.