Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Rises By 14.3%

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 297,400 shares, a growth of 14.3% from the December 15th total of 260,300 shares. Based on an average daily trading volume, of 58,900 shares, the days-to-cover ratio is presently 5.0 days.

abrdn Global Income Fund Price Performance

Shares of NYSEAMERICAN FCO traded up $0.06 during midday trading on Friday, reaching $5.98. The company had a trading volume of 32,490 shares, compared to its average volume of 52,603. abrdn Global Income Fund has a one year low of $4.96 and a one year high of $6.32.

abrdn Global Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 14.05%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On abrdn Global Income Fund

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. acquired a new stake in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 96,906 shares of the company’s stock, valued at approximately $580,000. Oppenheimer & Co. Inc. owned about 0.77% of abrdn Global Income Fund at the end of the most recent quarter. Hedge funds and other institutional investors own 10.79% of the company’s stock.

About abrdn Global Income Fund

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.