Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 99,291 shares, a growth of 333.4% from the July 15th total of 22,912 shares. Based on an average trading volume of 62,469 shares, the days-to-cover ratio is presently 1.6 days.
Duff & Phelps Utility and Infrastructure Fund Price Performance
Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.12 during trading hours on Thursday, reaching $14.75. The company had a trading volume of 56,989 shares, compared to its average volume of 81,484. Duff & Phelps Utility and Infrastructure Fund has a one year low of $12.36 and a one year high of $15.15. The business has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $14.46.
Duff & Phelps Utility and Infrastructure Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.1%.
Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund
About Duff & Phelps Utility and Infrastructure Fund
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.
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