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

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 22,200 shares, a drop of 19.9% from the August 15th total of 27,700 shares. Based on an average daily volume of 22,300 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Institutional investors have recently modified their holdings of the stock. Money Concepts Capital Corp bought a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter valued at approximately $30,000. Cornerstone Advisors LLC bought a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund during the 2nd quarter worth approximately $182,000. Shaker Financial Services LLC bought a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund during the 1st quarter worth approximately $186,000. Bank of America Corp DE lifted its stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 86.2% during the 1st quarter. Bank of America Corp DE now owns 23,364 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 10,818 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 8.7% during the 4th quarter. Moors & Cabot Inc. now owns 29,525 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 2,375 shares during the period.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Stock Performance

Shares of NYSE:MFD traded up $0.03 during trading on Monday, hitting $7.34. 7,411 shares of the company’s stock were exchanged, compared to its average volume of 20,006. The business’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $7.95. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a 52-week low of $7.31 and a 52-week high of $9.77.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date of this dividend was Tuesday, August 22nd.

About Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

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.