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

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 61,179 shares, a decline of 52.0% from the September 15th total of 127,589 shares. Based on an average daily volume of 463,240 shares, the short-interest ratio is currently 0.1 days.

Cohen & Steers Infrastructure Fund Stock Performance

UTF traded up $0.09 during midday trading on Friday, reaching $25.62. 69,785 shares of the company were exchanged, compared to its average volume of 321,590. The company’s fifty day moving average price is $25.99 and its 200 day moving average price is $26.68. Cohen & Steers Infrastructure Fund has a one year low of $23.42 and a one year high of $28.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UTF. Paralel Advisors LLC purchased a new stake in shares of Cohen & Steers Infrastructure Fund in the second quarter valued at about $75,872,000. Royal Bank of Canada raised its stake in shares of Cohen & Steers Infrastructure Fund by 3.5% in the first quarter. Royal Bank of Canada now owns 936,075 shares of the investment management company’s stock valued at $24,225,000 after buying an additional 32,064 shares during the period. Bank of America Corp DE raised its stake in Cohen & Steers Infrastructure Fund by 6.7% in the 1st quarter. Bank of America Corp DE now owns 897,160 shares of the investment management company’s stock valued at $23,218,000 after acquiring an additional 56,434 shares during the period. C2C Wealth Management LLC grew its stake in Cohen & Steers Infrastructure Fund by 6.2% in the 1st quarter. C2C Wealth Management LLC now owns 277,370 shares of the investment management company’s stock valued at $7,178,000 after buying an additional 16,300 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Cohen & Steers Infrastructure Fund by 40.3% during the 1st quarter. Kestra Advisory Services LLC now owns 238,551 shares of the investment management company’s stock valued at $6,174,000 after purchasing an additional 68,542 shares during the period.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol UTF. The fund seeks to provide a combination of current income and capital appreciation by investing primarily in infrastructure-related securities.

The fund focuses on companies and issuers involved in essential infrastructure industries, including utilities, energy infrastructure, transportation, communications and related services. Its portfolio may include common stocks, preferred securities, bonds and other income-producing investments issued by infrastructure businesses in the United States and international markets.

Cohen & Steers Infrastructure Fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets, including infrastructure, real estate and natural-resource companies.