Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Shorted: Short Interest Down 53.8% in September

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 27,700 shares, a decrease of 53.8% from the August 31st total of 59,971 shares. Based on an average daily volume of 60,039 shares, the short-interest ratio is currently 0.5 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 1.1%

DPG stock traded up $0.14 during midday trading on Tuesday, reaching $12.93. 84,052 shares of the company were exchanged, compared to its average volume of 78,819. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $12.53 and a 1-year high of $15.15. The stock’s 50-day simple moving average is $14.23 and its 200 day simple moving average is $14.43.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 31st will be paid a dividend of $0.0750 per share. This represents a $0.90 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, December 31st.

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

Large investors have recently bought and sold shares of the stock. Concorde Asset Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 7.3% during the second quarter. Concorde Asset Management LLC now owns 61,620 shares of the investment management company’s stock worth $919,000 after purchasing an additional 4,200 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth approximately $180,000. NewEdge Advisors LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 7.2% during the 2nd quarter. NewEdge Advisors LLC now owns 125,161 shares of the investment management company’s stock worth $1,857,000 after buying an additional 8,443 shares during the last quarter. Wedbush Securities Inc. increased its position in Duff & Phelps Utility and Infrastructure Fund by 36.1% during the second quarter. Wedbush Securities Inc. now owns 29,851 shares of the investment management company’s stock worth $443,000 after buying an additional 7,914 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in 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 valued at $1,605,000 after buying an additional 21,294 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund was a closed-end investment company listed on the New York Stock Exchange under the symbol DPG. Rather than operating utility or infrastructure assets directly, the fund invested in publicly traded companies involved in essential services and infrastructure.

The fund’s portfolio generally focused on electric, gas and water utilities; telecommunications companies; energy infrastructure businesses; transportation-related infrastructure; and other companies connected to the development, ownership or operation of infrastructure assets.