Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 24.5%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 50,800 shares, a decrease of 24.5% from the February 28th total of 67,300 shares. Based on an average daily volume of 190,100 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Global Infrastructure Income Fund Price Performance

Abrdn Global Infrastructure Income Fund stock opened at $18.39 on Wednesday. The company’s 50 day simple moving average is $18.04 and its 200 day simple moving average is $18.76. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.58 and a fifty-two week high of $20.35.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.40%.

Insider Activity

In related news, Director Thomas W. Hunersen bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $106,020. This represents a 500.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 30.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,468 shares of the company’s stock valued at $289,000 after purchasing an additional 3,889 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter worth approximately $175,000. Ameriprise Financial Inc. raised its holdings in Abrdn Global Infrastructure Income Fund by 7.7% during the 4th quarter. Ameriprise Financial Inc. now owns 79,857 shares of the company’s stock worth $1,381,000 after buying an additional 5,715 shares during the period. Jane Street Group LLC bought a new position in Abrdn Global Infrastructure Income Fund in the fourth quarter valued at approximately $178,000. Finally, Comerica Bank boosted its holdings in shares of Abrdn Global Infrastructure Income Fund by 6,884.0% in the fourth quarter. Comerica Bank now owns 56,710 shares of the company’s stock valued at $994,000 after buying an additional 55,898 shares during the period.

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.