Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Sees Significant Decrease in Short Interest

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 26,500 shares, a decline of 46.9% from the January 31st total of 49,900 shares. Based on an average daily trading volume, of 89,400 shares, the days-to-cover ratio is currently 0.3 days.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

DPG opened at $11.92 on Friday. Duff & Phelps Utility and Infrastructure Fund has a fifty-two week low of $8.73 and a fifty-two week high of $12.50. The firm’s fifty day moving average is $11.76 and its 200 day moving average is $11.63.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.07 per share. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 37.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,281,682 shares of the investment management company’s stock valued at $14,983,000 after acquiring an additional 347,248 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $5,638,000. United Advisor Group LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 4.9% in the 4th quarter. United Advisor Group LLC now owns 345,032 shares of the investment management company’s stock valued at $4,033,000 after acquiring an additional 16,230 shares during the last quarter. LPL Financial LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 2.6% in the 4th quarter. LPL Financial LLC now owns 317,753 shares of the investment management company’s stock valued at $3,715,000 after acquiring an additional 8,176 shares during the last quarter. Finally, Kanen Wealth Management LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $3,193,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.