Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Decreases By 90.8%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,893 shares, a drop of 90.8% from the March 31st total of 20,683 shares. Based on an average daily volume of 74,774 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the 1st quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after purchasing an additional 716 shares during the period. Wedbush Securities Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 3.8% during the 3rd quarter. Wedbush Securities Inc. now owns 24,856 shares of the investment management company’s stock worth $321,000 after purchasing an additional 912 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 442,651 shares of the investment management company’s stock worth $5,715,000 after purchasing an additional 1,242 shares during the period. Guggenheim Capital LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 2.4% during the 4th quarter. Guggenheim Capital LLC now owns 65,804 shares of the investment management company’s stock worth $836,000 after purchasing an additional 1,543 shares during the period. Finally, Atlantic Union Bankshares Corp increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 11.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 16,118 shares of the investment management company’s stock worth $205,000 after purchasing an additional 1,618 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.2%

DPG traded up $0.02 during trading on Friday, hitting $14.71. 45,450 shares of the stock were exchanged, compared to its average volume of 93,746. The firm has a 50 day simple moving average of $14.54 and a 200 day simple moving average of $13.60. Duff & Phelps Utility and Infrastructure Fund has a 1 year low of $11.85 and a 1 year high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, June 30th.

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.