Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Shorted: Short Interest Down 53.8% in September

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 27,700 shares, a decrease of 53.8% from the August 31st total of 59,971 shares. Based on an average daily volume of 60,039 shares, the short-interest ratio is presently 0.5 days.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.8%

DPG stock traded down $0.10 during trading on Wednesday, reaching $12.81. 149,639 shares of the stock were exchanged, compared to its average volume of 79,174. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $12.53 and a twelve month high of $15.15. The firm’s 50 day moving average is $14.23 and its 200 day moving average is $14.43.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 11th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.0750 per share. The ex-dividend date is Thursday, December 31st. This represents a $0.90 annualized dividend and a yield of 7.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after acquiring an additional 125,977 shares during the last quarter. Kanen Wealth Management LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. Kanen Wealth Management LLC now owns 523,585 shares of the investment management company’s stock valued at $7,561,000 after purchasing an additional 6,425 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 3.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 283,601 shares of the investment management company’s stock valued at $3,605,000 after purchasing an additional 8,301 shares during the last quarter. Royal Bank of Canada increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.2% during the 1st quarter. Royal Bank of Canada now owns 230,171 shares of the investment management company’s stock worth $3,323,000 after purchasing an additional 26,802 shares in the last quarter. Finally, Bulldog Investors LLP bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $2,543,000.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment company listed on the New York Stock Exchange under the symbol DPG. Rather than operating utility or infrastructure assets directly, the fund invested in publicly traded companies involved in essential services and infrastructure.

The fund’s portfolio generally focused on electric, gas and water utilities; telecommunications companies; energy infrastructure businesses; transportation-related infrastructure; and other companies connected to the development, ownership or operation of infrastructure assets.