Somewhat Positive News Coverage Somewhat Unlikely to Affect First Trust Energy Infrastructure Fund (NYSE:FIF) Share Price
Media headlines about First Trust Energy Infrastructure Fund (NYSE:FIF) have trended somewhat positive on Thursday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Trust Energy Infrastructure Fund earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 45.8892746510311 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of First Trust Energy Infrastructure Fund (FIF) traded down 1.196% on Thursday, hitting $17.755. 66,626 shares of the stock were exchanged. The company’s 50 day moving average is $18.53 and its 200-day moving average is $18.71. First Trust Energy Infrastructure Fund has a 52-week low of $16.71 and a 52-week high of $20.21.
The company also recently announced a aug 17 dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, August 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a yield of 7.05%.
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First Trust Energy Infrastructure Fund Company Profile
First Trust Energy Infrastructure Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. The Fund invests primarily in securities of companies engaged in the energy infrastructure sector, including publicly-traded master limited partnerships (MLPs) and limited liability companies taxed as partnerships, MLP affiliates, yield corporations (YieldCos), pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets, such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas and power generation industries.
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