Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 90.8% in April

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,893 shares, a drop of 90.8% from the March 31st total of 20,683 shares. Based on an average daily volume of 74,774 shares, the days-to-cover ratio is currently 0.0 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.2%

NYSE:DPG traded up $0.02 during trading hours on Friday, hitting $14.71. 45,450 shares of the company were exchanged, compared to its average volume of 93,746. Duff & Phelps Utility and Infrastructure Fund has a 52-week low of $11.85 and a 52-week high of $15.15. The company’s 50 day moving average price is $14.54 and its 200-day moving average price is $13.60.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several large investors have recently added to or reduced their stakes in the company. Catalina Capital Group LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the 1st quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after buying an additional 716 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 3.8% in the 3rd quarter. Wedbush Securities Inc. now owns 24,856 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 912 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 442,651 shares of the investment management company’s stock valued at $5,715,000 after acquiring an additional 1,242 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 2.4% in the fourth quarter. Guggenheim Capital LLC now owns 65,804 shares of the investment management company’s stock worth $836,000 after acquiring an additional 1,543 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 11.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 16,118 shares of the investment management company’s stock worth $205,000 after acquiring an additional 1,618 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.