Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Up 117.4% in August

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 26,300 shares, a growth of 117.4% from the August 15th total of 12,100 shares. Based on an average daily volume of 121,300 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 270.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock valued at $98,000 after acquiring an additional 7,298 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 323.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock valued at $101,000 after buying an additional 8,372 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after acquiring an additional 1,573 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $122,000. Finally, Focus Financial Network Inc. ADV purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $167,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock traded up $0.09 during trading hours on Friday, reaching $11.51. The stock had a trading volume of 123,151 shares, compared to its average volume of 133,261. The stock’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $9.95. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $7.90 and a 12 month high of $11.52.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.30%.

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.