Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Stock Short Interest Report for October

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 55,305 shares, a drop of 95.1% from the October 15th total of 1,120,519 shares. Based on an average trading volume of 240,574 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Large investors have recently made changes to their positions in the business. Moors & Cabot Inc. raised its stake in shares of Abrdn Global Infrastructure Income Fund by 7.2% in the 3rd quarter. Moors & Cabot Inc. now owns 16,282 shares of the company’s stock valued at $315,000 after acquiring an additional 1,095 shares during the period. Allworth Financial LP boosted its position in Abrdn Global Infrastructure Income Fund by 44.3% during the 3rd quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $42,000 after purchasing an additional 664 shares during the period. Wedbush Securities Inc. boosted its position in Abrdn Global Infrastructure Income Fund by 114.9% during the 3rd quarter. Wedbush Securities Inc. now owns 20,651 shares of the company’s stock worth $399,000 after purchasing an additional 11,040 shares during the period. Retirement Planning Co of New England Inc. boosted its position in Abrdn Global Infrastructure Income Fund by 7.0% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 20,824 shares of the company’s stock worth $402,000 after purchasing an additional 1,359 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in Abrdn Global Infrastructure Income Fund in the 3rd quarter valued at $830,000.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI stock traded down $0.29 during trading on Tuesday, reaching $20.78. 196,599 shares of the stock traded hands, compared to its average volume of 216,089. The business’s 50 day moving average price is $20.14 and its 200-day moving average price is $22.76. Abrdn Global Infrastructure Income Fund has a 52-week low of $18.90 and a 52-week high of $25.95.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 6th were paid a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend was Tuesday, October 6th.

Abrdn Global Infrastructure Income Fund Company Profile

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment fund managed by abrdn Inc. The fund seeks to provide investors with a high level of current income and the opportunity for capital appreciation by investing in infrastructure-related assets and companies. ASGI invests globally across infrastructure sectors, including utilities, energy, transportation, communications and other essential services. Its portfolio may include common and preferred stocks, debt securities and other income-producing investments issued by companies involved in developing, owning or operating infrastructure assets.