Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) Short Interest Update

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 14,500 shares, a drop of 5.8% from the October 15th total of 15,400 shares. Based on an average daily volume of 28,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Money Concepts Capital Corp bought a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter valued at about $30,000. Saba Capital Management L.P. bought a new position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 3rd quarter valued at about $347,000. Cornerstone Advisors LLC grew its position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 45.4% in the 3rd quarter. Cornerstone Advisors LLC now owns 33,836 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 10,559 shares during the period. Capital Investment Advisors LLC grew its position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 29.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 139,300 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 31,750 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 7.7% in the 2nd quarter. Moors & Cabot Inc. now owns 42,713 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 3,038 shares during the period.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Stock Up 0.1 %

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund stock opened at $7.56 on Friday. The company has a fifty day simple moving average of $7.06 and a 200 day simple moving average of $7.58. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a 1-year low of $6.63 and a 1-year high of $8.95.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Wednesday, November 22nd.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Company Profile

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.