Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) Sees Significant Decline in Short Interest

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFDGet Rating) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 900 shares, a decline of 91.1% from the May 31st total of 10,100 shares. Based on an average daily trading volume, of 29,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smith Salley & Associates acquired a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter valued at about $116,000. Csenge Advisory Group acquired a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 1st quarter valued at about $139,000. Retirement Planning Co of New England Inc. acquired a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter valued at about $219,000. Bank of America Corp DE lifted its stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 86.2% in the 1st quarter. Bank of America Corp DE now owns 23,364 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 10,818 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 86.3% in the 1st quarter. Wedbush Securities Inc. now owns 26,095 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 12,089 shares in the last quarter.

MFD traded up $0.01 during midday trading on Thursday, hitting $8.80. The company’s stock had a trading volume of 25,856 shares, compared to its average volume of 29,672. The firm has a 50-day moving average price of $9.67 and a two-hundred day moving average price of $9.80. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a 52-week low of $8.52 and a 52-week high of $11.05.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.09%. The ex-dividend date was Friday, May 20th.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Company Profile (Get Rating)

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Macquarie Capital Investment Management, LLC and Four Corners Capital Management, LLC. The fund invests in public equity markets across the globe.

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