Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 13,500 shares, a decline of 48.7% from the August 31st total of 26,300 shares. Based on an average daily volume of 126,600 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% during the second quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock worth $262,000 after buying an additional 1,319 shares during the period. Cetera Advisors LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after acquiring an additional 1,573 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in Duff & Phelps Utility and Infrastructure Fund by 35.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 6,658 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 270.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock valued at $98,000 after purchasing an additional 7,298 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 323.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 8,372 shares during the period.
Duff & Phelps Utility and Infrastructure Fund Trading Down 1.3 %
NYSE:DPG traded down $0.15 during midday trading on Thursday, reaching $11.64. 113,190 shares of the stock traded hands, compared to its average volume of 133,491. Duff & Phelps Utility and Infrastructure Fund has a 12-month low of $7.90 and a 12-month high of $11.83. The business has a 50-day moving average of $10.95 and a two-hundred day moving average of $10.09.
Duff & Phelps Utility and Infrastructure Fund Dividend Announcement
About Duff & Phelps Utility and Infrastructure Fund
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.
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