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

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 73,759 shares, a growth of 75.7% from the April 30th total of 41,992 shares. Based on an average daily volume of 273,452 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Cohen & Steers Infrastructure Fund by 6.7% in the first quarter. Bank of America Corp DE now owns 897,160 shares of the investment management company’s stock worth $23,218,000 after acquiring an additional 56,434 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Cohen & Steers Infrastructure Fund by 4.7% in the first quarter. Arkadios Wealth Advisors now owns 9,036 shares of the investment management company’s stock worth $234,000 after acquiring an additional 402 shares in the last quarter. Royal Bank of Canada increased its position 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 worth $24,225,000 after acquiring an additional 32,064 shares in the last quarter. Sculptor Capital LP purchased a new position in shares of Cohen & Steers Infrastructure Fund in the first quarter worth approximately $4,841,000. Finally, Matrix Private Capital Group LLC acquired a new stake in shares of Cohen & Steers Infrastructure Fund during the first quarter worth approximately $3,115,000.

Cohen & Steers Infrastructure Fund Stock Performance

Shares of UTF traded up $0.21 during mid-day trading on Tuesday, hitting $26.90. The company’s stock had a trading volume of 396,095 shares, compared to its average volume of 345,222. The firm has a 50-day moving average price of $26.48 and a 200 day moving average price of $25.56. Cohen & Steers Infrastructure Fund has a fifty-two week low of $23.42 and a fifty-two week high of $27.35.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 7.4%.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end management investment company that provides investors with exposure to global infrastructure assets. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation. Since its inception in 2014, UTF has offered a vehicle for investors to access both equity and debt securities of companies operating in critical infrastructure sectors.

The fund’s portfolio is diversified across a range of infrastructure industries, including utilities, energy, transportation, and communications.