Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Expands By 41.0%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 49,900 shares, a growth of 41.0% from the January 15th total of 35,400 shares. Based on an average trading volume of 94,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds have recently bought and sold shares of the business. Consolidated Portfolio Review Corp lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 7.0% during the third quarter. Consolidated Portfolio Review Corp now owns 259,100 shares of the investment management company’s stock worth $3,042,000 after purchasing an additional 16,961 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 45.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock valued at $3,035,000 after buying an additional 80,892 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 38.8% during the 3rd 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 in the last quarter. United Advisor Group LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the third quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock worth $3,860,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 33.0% during the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock worth $1,883,000 after buying an additional 39,762 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.0 %

DPG traded down $0.01 on Friday, reaching $11.91. 75,267 shares of the company’s stock were exchanged, compared to its average volume of 82,102. The company’s 50 day moving average is $11.72 and its 200-day moving average is $11.54. Duff & Phelps Utility and Infrastructure Fund has a twelve month low of $8.73 and a twelve month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.07 per share. This represents a yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

About Duff & Phelps Utility and Infrastructure Fund

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.