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

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

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Trading Down 0.8 %

MFD stock traded down $0.06 during midday trading on Friday, reaching $7.31. 20,267 shares of the company’s stock traded hands, compared to its average volume of 35,751. The company has a 50-day moving average price of $7.44 and a two-hundred day moving average price 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 Announces Dividend

The business 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. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.94%.

Institutional Trading of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the fourth quarter worth $756,000. Saba Capital Management L.P. purchased a new stake in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 3rd quarter valued at about $347,000. Cornerstone Advisors LLC boosted its position in shares of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 78.5% during the 4th 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 during the last quarter. Miracle Mile Advisors LLC purchased a new position in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund in the 4th quarter worth approximately $165,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund by 622.4% in the first quarter. Blue Bell Private Wealth Management LLC now owns 20,949 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 18,049 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.