Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Large Decline in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 12,959 shares, a decrease of 25.2% from the February 12th total of 17,332 shares. Based on an average trading volume of 122,025 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 122,025 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 4.2% in the 4th quarter. Invesco Ltd. now owns 50,427 shares of the investment management company’s stock valued at $641,000 after buying an additional 2,017 shares during the period. Kanen Wealth Management LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 2.2% during the fourth quarter. Kanen Wealth Management LLC now owns 517,160 shares of the investment management company’s stock worth $6,611,000 after buying an additional 10,892 shares during the period. NewEdge Advisors LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 3.8% during the fourth quarter. NewEdge Advisors LLC now owns 115,366 shares of the investment management company’s stock valued at $1,466,000 after acquiring an additional 4,195 shares during the last quarter. Zimmer Partners LP increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 197.1% during the fourth quarter. Zimmer Partners LP now owns 83,200 shares of the investment management company’s stock valued at $1,057,000 after acquiring an additional 55,200 shares during the last quarter. Finally, Saba Capital Management L.P. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $906,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG stock traded up $0.22 during midday trading on Monday, hitting $14.54. 89,089 shares of the company’s stock were exchanged, compared to its average volume of 101,216. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $10.45 and a 1-year high of $14.96. The business has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $13.21.

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.