Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Short Interest Down 62.3% in December

by · The Markets Daily

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 5,378 shares, a drop of 62.3% from the December 15th total of 14,248 shares. Based on an average daily trading volume, of 71,355 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 71,355 shares, the days-to-cover ratio is currently 0.1 days.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.9%

DPG stock traded up $0.11 during trading on Wednesday, reaching $13.01. The stock had a trading volume of 70,316 shares, compared to its average volume of 90,646. Duff & Phelps Utility and Infrastructure Fund has a 52 week low of $10.45 and a 52 week high of $13.38. The stock’s 50 day moving average is $12.89 and its two-hundred day moving average is $12.78.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, March 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DPG. GS Investments Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $37,000. Colonial Trust Advisors purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at approximately $65,000. Cornerstone Advisors LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter worth $72,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $129,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

(Get Free Report)

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.

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