Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) Sees Significant Drop in Short Interest

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 54,900 shares, a decline of 21.0% from the December 15th total of 69,500 shares. Based on an average daily volume of 184,500 shares, the days-to-cover ratio is currently 0.3 days.

Cohen & Steers Infrastructure Fund Stock Performance

NYSE:UTF traded up $0.22 during midday trading on Friday, hitting $24.42. 293,542 shares of the company traded hands, compared to its average volume of 205,058. The firm’s fifty day moving average is $24.65 and its 200-day moving average is $24.74. Cohen & Steers Infrastructure Fund has a 12-month low of $20.56 and a 12-month high of $26.31.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.155 dividend. This represents a dividend yield of 7.94%. The ex-dividend date is Tuesday, January 14th.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund during the third quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Cohen & Steers Infrastructure Fund during the 3rd quarter valued at about $45,000. Ashton Thomas Securities LLC bought a new position in Cohen & Steers Infrastructure Fund in the third quarter worth approximately $153,000. Kovack Advisors Inc. bought a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter valued at $202,000. Finally, Main Street Financial Solutions LLC bought a new position in shares of Cohen & Steers Infrastructure Fund in the 3rd quarter worth $247,000.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.