Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Sees Large Decline in Short Interest

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 414,825 shares, a drop of 39.6% from the August 31st total of 686,376 shares. Based on an average trading volume of 291,442 shares, the days-to-cover ratio is currently 1.4 days.

Abrdn Global Infrastructure Income Fund Trading Up 0.4%

Shares of NYSE ASGI traded up $0.07 during midday trading on Friday, hitting $19.09. The company’s stock had a trading volume of 161,598 shares, compared to its average volume of 211,235. The business’s fifty day simple moving average is $22.59 and its two-hundred day simple moving average is $23.09. Abrdn Global Infrastructure Income Fund has a 1 year low of $18.90 and a 1 year high of $25.95.

Abrdn Global Infrastructure Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 6th will be given a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, October 6th.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors have recently modified their holdings of ASGI. Ascentis Independent Advisors acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the first quarter valued at $41,000. Wedbush Securities Inc. purchased a new stake in Abrdn Global Infrastructure Income Fund during the 2nd quarter worth about $223,000. FAS Wealth Partners Inc. acquired a new stake in Abrdn Global Infrastructure Income Fund in the 1st quarter valued at about $231,000. NWF Advisory Services Inc. raised its position in Abrdn Global Infrastructure Income Fund by 4.8% in the 4th quarter. NWF Advisory Services Inc. now owns 12,279 shares of the company’s stock valued at $275,000 after purchasing an additional 563 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Abrdn Global Infrastructure Income Fund in the 4th quarter valued at about $283,000.

Abrdn Global Infrastructure Income Fund Company Profile

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment company managed by abrdn. The fund seeks to provide investors with current income and total return by investing in infrastructure-related assets and companies around the world.

Its portfolio may include publicly traded and privately held equity securities, as well as debt investments, issued by businesses involved in areas such as utilities, transportation, energy, communications infrastructure and other essential infrastructure services.