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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGGet 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 24.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,130 shares of the investment management company’s stock worth $1,605,000 after buying an additional 21,294 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 1.2% during the 1st quarter. NewEdge Advisors LLC now owns 116,718 shares of the investment management company’s stock worth $1,685,000 after acquiring an additional 1,352 shares during the period. Kanen Wealth Management LLC increased its holdings 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 worth $7,561,000 after acquiring an additional 6,425 shares during the period. 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 acquiring an additional 26,802 shares during the period. Finally, Saba Capital Management L.P. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 142.3% in the 1st quarter. Saba Capital Management L.P. now owns 172,750 shares of the investment management company’s stock worth $2,495,000 after purchasing an additional 101,452 shares in the last quarter.

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.

See Also

Receive News & Ratings for Duff & Phelps Utility and Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duff & Phelps Utility and Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.