Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Increases By 41.0%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 49,900 shares, an increase of 41.0% from the January 15th total of 35,400 shares. Based on an average daily volume of 94,000 shares, the short-interest ratio is currently 0.5 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG stock traded down $0.01 during trading on Friday, reaching $11.91. 75,267 shares of the company traded hands, compared to its average volume of 82,102. The business has a 50 day simple moving average of $11.72 and a 200 day simple moving average of $11.54. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $8.73 and a 12 month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.07 per share. This represents a dividend yield of 7.13%. The ex-dividend date was Friday, January 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in Duff & Phelps Utility and Infrastructure Fund by 37.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,281,682 shares of the investment management company’s stock worth $14,983,000 after buying an additional 347,248 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth $5,638,000. United Advisor Group LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after purchasing an additional 1,055 shares during the last quarter. LPL Financial LLC raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 2.6% during the 4th quarter. LPL Financial LLC now owns 317,753 shares of the investment management company’s stock valued at $3,715,000 after buying an additional 8,176 shares during the period. Finally, Kanen Wealth Management LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $3,193,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.