Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Up 47.8% in March

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 20,683 shares, a growth of 47.8% from the March 15th total of 13,993 shares. Based on an average trading volume of 81,224 shares, the short-interest ratio is presently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.2%

DPG traded down $0.02 on Thursday, hitting $14.64. 40,030 shares of the stock traded hands, compared to its average volume of 93,430. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $11.60 and a 52 week high of $15.15. The business has a fifty day moving average price of $14.47 and a two-hundred day moving average price of $13.53.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, June 30th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 4.2% in the 4th quarter. Invesco Ltd. now owns 50,427 shares of the investment management company’s stock worth $641,000 after purchasing an additional 2,017 shares during the last quarter. Kanen Wealth Management LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 2.2% during the fourth quarter. Kanen Wealth Management LLC now owns 517,160 shares of the investment management company’s stock worth $6,611,000 after buying an additional 10,892 shares during the last quarter. NewEdge Advisors LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 3.8% during the fourth quarter. NewEdge Advisors LLC now owns 115,366 shares of the investment management company’s stock worth $1,466,000 after buying an additional 4,195 shares during the last quarter. Zimmer Partners LP grew its stake in Duff & Phelps Utility and Infrastructure Fund by 197.1% during the fourth quarter. Zimmer Partners LP now owns 83,200 shares of the investment management company’s stock worth $1,057,000 after buying an additional 55,200 shares during the last quarter. Finally, Saba Capital Management L.P. bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $906,000.

About Duff & Phelps Utility and Infrastructure Fund

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.