Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Increases By 65.4%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 96,400 shares, an increase of 65.4% from the December 15th total of 58,300 shares. Based on an average daily volume of 98,300 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dakota Wealth Management purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $133,000. Kanen Wealth Management LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $3,193,000. Cascade Investment Group Inc. acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $307,000. Virtu Financial LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth approximately $327,000. Finally, Walleye Capital LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth approximately $171,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock traded up $0.11 during trading hours on Friday, reaching $11.91. The company had a trading volume of 46,462 shares, compared to its average volume of 82,159. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.70 and a twelve month high of $12.50. The stock’s fifty day simple moving average is $11.83 and its 200 day simple moving average is $11.29.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, January 31st.

About Duff & Phelps Utility and Infrastructure Fund

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.