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) saw a large decrease in short interest during the month of 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.

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

Institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth $29,000. Fifth Third Bancorp acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth $31,000. Hilton Head Capital Partners LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $46,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $129,000. Finally, PFG Investments LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $148,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $14.67 on Friday. The firm’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $14.08. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.13 and a 1-year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.075 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

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.