Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 330,893 shares, a growth of 440.9% from the September 30th total of 61,179 shares. Based on an average daily volume of 314,063 shares, the days-to-cover ratio is currently 1.1 days.
Cohen & Steers Infrastructure Fund Stock Down 0.5%
NYSE:UTF traded down $0.13 during mid-day trading on Tuesday, reaching $25.96. 111,468 shares of the company’s stock traded hands, compared to its average volume of 318,394. The company has a 50 day moving average price of $25.83 and a 200-day moving average price of $26.40. Cohen & Steers Infrastructure Fund has a 12-month low of $23.42 and a 12-month high of $28.11.
Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund
Large investors have recently made changes to their positions in the business. Paralel Advisors LLC purchased a new stake in Cohen & Steers Infrastructure Fund in the second quarter worth $75,872,000. Royal Bank of Canada increased its position in Cohen & Steers Infrastructure Fund by 3.5% during the 1st quarter. Royal Bank of Canada now owns 936,075 shares of the investment management company’s stock valued at $24,225,000 after purchasing an additional 32,064 shares during the period. Bank of America Corp DE increased its position in Cohen & Steers Infrastructure Fund by 6.7% during 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 purchasing an additional 56,434 shares during the period. Kestra Advisory Services LLC raised its holdings in Cohen & Steers Infrastructure Fund by 40.3% in the 1st quarter. Kestra Advisory Services LLC now owns 238,551 shares of the investment management company’s stock worth $6,174,000 after purchasing an additional 68,542 shares in the last quarter. Finally, Sculptor Capital LP bought a new position in Cohen & Steers Infrastructure Fund in the 1st quarter worth $4,841,000.
Cohen & Steers Infrastructure Fund Company Profile
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.
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