Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 136,500 shares, an increase of 12.7% from the March 31st total of 121,100 shares. Based on an average trading volume of 82,900 shares, the days-to-cover ratio is currently 1.6 days.

Duff & Phelps Utility and Infrastructure Fund Trading Down 1.8 %

DPG traded down $0.23 on Tuesday, hitting $12.48. 69,932 shares of the stock were exchanged, compared to its average volume of 79,624. Duff & Phelps Utility and Infrastructure Fund has a 12 month low of $11.97 and a 12 month high of $15.68. The business has a 50-day moving average of $13.22 and a two-hundred day moving average of $13.40.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.40 annualized dividend and a yield of 11.22%.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Duff & Phelps Utility and Infrastructure Fund by 20.9% during the second quarter. Wells Fargo & Company MN now owns 435,279 shares of the investment management company's stock worth $6,051,000 after acquiring an additional 75,338 shares in the last quarter. S. R. Schill & Associates acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $719,000. Hancock Whitney Corp acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $607,000. Avalon Investment & Advisory acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $682,000. Finally, Morgan Stanley raised its stake in Duff & Phelps Utility and Infrastructure Fund by 2.6% during the fourth quarter. Morgan Stanley now owns 1,688,997 shares of the investment management company's stock worth $22,818,000 after acquiring an additional 42,798 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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Duff & Phelps Utility & Infrastructure Fund, Inc is a non-diversified, closed-end investment company. It's investment objective is to seek total return resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation.

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