Short Interest in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) Decreases By 64.3%

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 8,200 shares, a decrease of 64.3% from the June 30th total of 23,000 shares. Based on an average trading volume of 18,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Several institutional investors have recently modified their holdings of MFD. International Assets Investment Management LLC grew its position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 68.0% in the 1st quarter. International Assets Investment Management LLC now owns 20,500 shares of the financial services provider’s stock valued at $155,000 after buying an additional 8,300 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 622.4% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 20,949 shares of the financial services provider’s stock valued at $161,000 after buying an additional 18,049 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter valued at about $165,000. Cetera Advisors LLC bought a new position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 1st quarter valued at about $263,000. Finally, Cornerstone Advisors LLC grew its position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 78.5% in the 4th quarter. Cornerstone Advisors LLC now owns 60,414 shares of the financial services provider’s stock valued at $475,000 after buying an additional 26,578 shares in the last quarter.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Stock Down 0.9 %

Shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund stock traded down $0.07 during trading on Thursday, hitting $7.78. 53,344 shares of the stock were exchanged, compared to its average volume of 28,073. The stock’s fifty day moving average is $7.61 and its 200 day moving average is $7.54. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a 12 month low of $6.63 and a 12 month high of $8.15.

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

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.80 annualized dividend and a dividend yield of 10.28%.

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.