Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Stock Short Interest Falls 41.2%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,295 shares, a decrease of 41.2% from the September 15th total of 27,700 shares. Based on an average daily volume of 107,204 shares, the short-interest ratio is presently 0.2 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.2%

NYSE DPG traded up $0.16 during trading hours on Friday, hitting $13.30. 82,512 shares of the stock were exchanged, compared to its average volume of 79,719. The stock has a 50-day moving average of $13.79 and a 200 day moving average of $14.31. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $12.53 and a 12-month high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.0750 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, December 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the first quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after acquiring an additional 716 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 1.2% in the 1st quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after purchasing an additional 1,352 shares during the period. CENTRAL TRUST Co acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at about $29,000. Fifth Third Bancorp acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at about $31,000. Finally, Concorde Asset Management LLC lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 7.3% in the 2nd quarter. Concorde Asset Management LLC now owns 61,620 shares of the investment management company’s stock valued at $919,000 after purchasing an additional 4,200 shares in the last quarter.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment fund listed on the New York Stock Exchange under the symbol DPG. The fund was designed to provide investors with exposure to companies involved in utilities and infrastructure, including electric, gas, water and telecommunications businesses.

The fund primarily invested in equity securities, such as common and preferred stocks, as well as other securities issued by utility and infrastructure companies. Its portfolio could include companies operating in the United States and international markets, giving investors access to infrastructure-related businesses across multiple geographies.

DPG was associated with Duff & Phelps Investment Management, an investment manager known for specializing in utility, infrastructure and related asset classes.