Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 19.1% in February

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 393,961 shares, a growth of 19.1% from the February 12th total of 330,897 shares. Based on an average trading volume of 236,874 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 236,874 shares, the days-to-cover ratio is currently 1.7 days.

Abrdn Global Infrastructure Income Fund Stock Up 2.7%

Shares of Abrdn Global Infrastructure Income Fund stock traded up $0.62 on Monday, reaching $23.99. 137,464 shares of the company were exchanged, compared to its average volume of 263,437. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.65 and a fifty-two week high of $25.95. The stock has a fifty day moving average price of $23.33 and a 200-day moving average price of $22.00.

Abrdn Global Infrastructure Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 11.5%. This is an increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.22.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in shares of Abrdn Global Infrastructure Income Fund by 0.3% in the third quarter. Penserra Capital Management LLC now owns 796,119 shares of the company’s stock worth $16,821,000 after acquiring an additional 2,237 shares in the last quarter. UBS Group AG raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 1.1% during the fourth quarter. UBS Group AG now owns 764,143 shares of the company’s stock valued at $17,086,000 after acquiring an additional 8,437 shares during the period. Equitable Holdings Inc. lifted its position in shares of Abrdn Global Infrastructure Income Fund by 10.2% in the 4th quarter. Equitable Holdings Inc. now owns 694,961 shares of the company’s stock valued at $15,539,000 after acquiring an additional 64,549 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Abrdn Global Infrastructure Income Fund by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 490,514 shares of the company’s stock worth $10,968,000 after purchasing an additional 26,714 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Abrdn Global Infrastructure Income Fund by 8.2% in the 2nd quarter. Raymond James Financial Inc. now owns 215,387 shares of the company’s stock worth $4,390,000 after purchasing an additional 16,319 shares during the period.

Abrdn Global Infrastructure Income Fund Company Profile

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.