Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,300 shares, an increase of 8.7% from the March 31st total of 15,000 shares. Based on an average trading volume of 75,500 shares, the days-to-cover ratio is presently 0.2 days.
Abrdn Global Infrastructure Income Fund Price Performance
Shares of ASGI stock opened at $17.32 on Thursday. The company’s 50 day moving average is $17.37 and its 200 day moving average is $17.21. Abrdn Global Infrastructure Income Fund has a 52-week low of $14.96 and a 52-week high of $18.55.
Abrdn Global Infrastructure Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend was Monday, April 22nd.
Insider Transactions at Abrdn Global Infrastructure Income Fund
Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund
Several institutional investors have recently bought and sold shares of ASGI. Saba Capital Management L.P. increased its holdings in Abrdn Global Infrastructure Income Fund by 24.2% during the third quarter. Saba Capital Management L.P. now owns 1,432,963 shares of the company’s stock valued at $23,071,000 after buying an additional 278,961 shares during the period. Advisor Partners II LLC purchased a new position in Abrdn Global Infrastructure Income Fund in the third quarter worth $3,238,000. Allspring Global Investments Holdings LLC grew its holdings in Abrdn Global Infrastructure Income Fund by 10.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 969,831 shares of the company’s stock worth $17,399,000 after purchasing an additional 91,710 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in Abrdn Global Infrastructure Income Fund by 24.5% in the fourth quarter. Cornerstone Advisors LLC now owns 275,873 shares of the company’s stock worth $4,949,000 after purchasing an additional 54,240 shares during the last quarter. Finally, Private Management Group Inc. grew its holdings in Abrdn Global Infrastructure Income Fund by 196.4% in the fourth quarter. Private Management Group Inc. now owns 61,474 shares of the company’s stock worth $1,103,000 after purchasing an additional 40,731 shares during the last quarter.
About Abrdn Global Infrastructure Income Fund
Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.
The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.
Read More
- Five stocks we like better than Abrdn Global Infrastructure Income Fund
- How is Compound Interest Calculated?
- AMD is Down 35%. Now is the Time to Buy the Dip
- How to Calculate Inflation Rate
- Amazon Stands Tall: New Highs Are in Sight
- Why Are Stock Sectors Important to Successful Investing?
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for Abrdn Global Infrastructure Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abrdn Global Infrastructure Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.