Short Interest in First Trust Energy Infrastructure Fund (NYSE:FIF) Rises By 42.9%

First Trust Energy Infrastructure Fund (NYSE:FIFGet Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 66,900 shares, a growth of 42.9% from the February 29th total of 46,800 shares. Based on an average daily trading volume, of 62,100 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Energy Infrastructure Fund Stock Up 1.5 %

NYSE FIF traded up $0.26 on Friday, hitting $18.16. 40,451 shares of the stock were exchanged, compared to its average volume of 64,381. The stock has a fifty day moving average price of $16.76 and a two-hundred day moving average price of $16.12. First Trust Energy Infrastructure Fund has a 52-week low of $13.76 and a 52-week high of $18.21.

First Trust Energy Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Monday, April 1st.

Institutional Trading of First Trust Energy Infrastructure Fund

Large investors have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in shares of First Trust Energy Infrastructure Fund during the third quarter valued at $30,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of First Trust Energy Infrastructure Fund by 1,025.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,250 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 2,050 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of First Trust Energy Infrastructure Fund in the third quarter valued at about $46,000. Rockefeller Capital Management L.P. bought a new stake in shares of First Trust Energy Infrastructure Fund in the second quarter valued at about $126,000. Finally, Bison Wealth LLC bought a new stake in shares of First Trust Energy Infrastructure Fund in the second quarter valued at about $166,000.

First Trust Energy Infrastructure Fund Company Profile

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First Trust Energy Infrastructure Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy infrastructure sector, including 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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