Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 34.9% in June

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGGet Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 23,703 shares, a decrease of 34.9% from the June 15th total of 36,388 shares. Based on an average trading volume of 65,471 shares, the days-to-cover ratio is presently 0.4 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE DPG opened at $14.78 on Friday. The stock’s fifty day moving average is $14.48 and its 200 day moving average is $14.22. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $12.25 and a 52 week high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Large investors have recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the first quarter worth $29,000. Fifth Third Bancorp bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at $31,000. Hilton Head Capital Partners LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $46,000. PFG Investments LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at about $148,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at about $129,000.

About Duff & Phelps Utility and Infrastructure Fund

(Get Free Report)

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.

Further Reading

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