Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Update

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 7,900 shares, a decline of 38.8% from the March 15th total of 12,900 shares. Based on an average trading volume of 97,200 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG traded up $0.25 during trading on Thursday, hitting $12.12. The company’s stock had a trading volume of 115,923 shares, compared to its average volume of 110,622. The company has a 50-day moving average of $11.80 and a 200-day moving average of $11.77. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $8.88 and a 12 month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DPG. Farther Finance Advisors LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth about $43,000. NBC Securities Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 108,900.0% during the first quarter. NBC Securities Inc. now owns 5,450 shares of the investment management company’s stock worth $66,000 after acquiring an additional 5,445 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $133,000. Nwam LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $136,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 9.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock valued at $142,000 after buying an additional 1,085 shares during the period.

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.