abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Short Interest Update

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 505,470 shares, an increase of 33.6% from the March 31st total of 378,347 shares. Based on an average daily trading volume, of 183,395 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.8% of the shares of the stock are sold short.

Institutional Trading of abrdn Global Income Fund

Hedge funds have recently bought and sold shares of the stock. Equitable Holdings Inc. purchased a new stake in abrdn Global Income Fund in the 4th quarter worth $34,000. Integrity Advisory Solutions LLC purchased a new stake in abrdn Global Income Fund in the 3rd quarter worth $34,000. Virtu Financial LLC purchased a new stake in abrdn Global Income Fund in the 3rd quarter worth $36,000. Total Wealth Planning & Management Inc. purchased a new stake in abrdn Global Income Fund in the 4th quarter worth $42,000. Finally, Osaic Holdings Inc. lifted its stake in abrdn Global Income Fund by 12.0% in the 2nd quarter. Osaic Holdings Inc. now owns 14,402 shares of the company’s stock worth $92,000 after purchasing an additional 1,547 shares in the last quarter. Hedge funds and other institutional investors own 10.79% of the company’s stock.

abrdn Global Income Fund Stock Up 2.0%

Shares of FCO traded up $0.05 during trading hours on Thursday, reaching $2.61. 168,184 shares of the stock traded hands, compared to its average volume of 198,492. abrdn Global Income Fund has a 52-week low of $2.53 and a 52-week high of $6.77. The company’s 50-day moving average price is $3.03 and its two-hundred day moving average price is $3.00.

abrdn Global Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 32.2%.

abrdn Global Income Fund Company Profile

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.