Short Interest in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) Drops By 21.8%

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,800 shares, a decline of 21.8% from the March 31st total of 8,700 shares. Based on an average daily volume of 38,600 shares, the short-interest ratio is currently 0.2 days.

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

NYSE MFD traded down $0.06 during mid-day trading on Friday, hitting $7.31. The stock had a trading volume of 20,267 shares, compared to its average volume of 35,751. The company has a 50 day simple moving average of $7.44 and a 200 day simple moving average of $7.45. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a 52-week low of $6.63 and a 52-week high of $8.45.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend was Thursday, February 22nd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in MFD. Capital Investment Advisors LLC lifted its stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 5.7% in the 4th quarter. Capital Investment Advisors LLC now owns 147,300 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 8,000 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the fourth quarter worth $756,000. Cornerstone Advisors LLC raised its holdings in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 78.5% in the fourth quarter. Cornerstone Advisors LLC now owns 60,414 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 26,578 shares in the last quarter. Saba Capital Management L.P. acquired a new position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund during the 3rd quarter worth $347,000. Finally, Miracle Mile Advisors LLC increased its position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 14.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 24,000 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 3,000 shares during the last quarter.

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.