Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Up 65.4% in December

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 96,400 shares, a growth of 65.4% from the December 15th total of 58,300 shares. Based on an average trading volume of 98,300 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at $171,000. Chicago Partners Investment Group LLC grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 38.8% in the third quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 4,896 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter worth about $253,000. Cascade Investment Group Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $307,000. Finally, Virtu Financial LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at approximately $327,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG traded up $0.09 during trading on Friday, reaching $11.89. 31,157 shares of the stock traded hands, compared to its average volume of 80,009. Duff & Phelps Utility and Infrastructure Fund has a fifty-two week low of $8.70 and a fifty-two week high of $12.50. The stock’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $11.29.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.07 dividend. The ex-dividend date is Friday, January 31st.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.