Short Interest in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Expands By 397.7%

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,421 shares, an increase of 397.7% from the April 15th total of 1,893 shares. Based on an average daily trading volume, of 75,686 shares, the short-interest ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.7%

Shares of NYSE:DPG traded up $0.09 on Thursday, hitting $14.50. 80,525 shares of the company were exchanged, compared to its average volume of 93,815. Duff & Phelps Utility and Infrastructure Fund has a 1-year low of $11.97 and a 1-year high of $15.15. The stock’s 50 day moving average price is $14.56 and its 200 day moving average price is $13.73.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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 5.8%.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Large investors have recently added to or reduced their stakes in the company. GS Investments Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the third quarter worth about $26,000. CENTRAL TRUST Co purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at approximately $29,000. Fifth Third Bancorp purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at approximately $31,000. Hilton Head Capital Partners LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth approximately $46,000. Finally, PFG Investments LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $148,000.

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.