Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 52.4%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 181,350 shares, a drop of 52.4% from the January 15th total of 381,032 shares. Based on an average daily volume of 358,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 358,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC lifted its holdings in Abrdn Global Infrastructure Income Fund by 2.0% in the 4th quarter. Uhlmann Price Securities LLC now owns 30,877 shares of the company’s stock valued at $690,000 after purchasing an additional 598 shares in the last quarter. Allworth Financial LP raised its position in shares of Abrdn Global Infrastructure Income Fund by 44.3% in the fourth quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock valued at $48,000 after buying an additional 664 shares during the last quarter. Centurion Wealth Management LLC raised its position in shares of Abrdn Global Infrastructure Income Fund by 2.7% in the third quarter. Centurion Wealth Management LLC now owns 28,135 shares of the company’s stock valued at $594,000 after buying an additional 730 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 6.4% in the fourth quarter. Perigon Wealth Management LLC now owns 12,994 shares of the company’s stock worth $291,000 after buying an additional 785 shares in the last quarter. Finally, WealthShield Partners LLC boosted its position in Abrdn Global Infrastructure Income Fund by 2.2% during the second quarter. WealthShield Partners LLC now owns 42,824 shares of the company’s stock worth $873,000 after acquiring an additional 906 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Stock Up 0.5%

Shares of ASGI traded up $0.13 during mid-day trading on Thursday, hitting $24.80. 133,371 shares of the company were exchanged, compared to its average volume of 293,566. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.65 and a 1-year high of $24.91. The company has a 50 day moving average of $22.45 and a 200-day moving average of $21.51.

Abrdn Global Infrastructure Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.22 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21. The ex-dividend date is Friday, February 20th.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.