Short Interest in First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) Declines By 72.5%


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First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,800 shares, a decrease of 72.5% from the December 15th total of 21,100 shares. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is currently 0.2 days.

Shares of First Trust/Aberdeen Global Opportunity Income Fund stock traded up $0.08 during trading on Wednesday, hitting $10.60. 10,480 shares of the stock traded hands, compared to its average volume of 56,673. The firm’s fifty day moving average is $10.51 and its 200-day moving average is $10.08. First Trust/Aberdeen Global Opportunity Income Fund has a 52 week low of $7.68 and a 52 week high of $11.63.

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, January 4th. This represents a $0.96 annualized dividend and a dividend yield of 9.06%.

Several institutional investors have recently made changes to their positions in FAM. Karpus Management Inc. grew its position in First Trust/Aberdeen Global Opportunity Income Fund by 8.7% during the 2nd quarter. Karpus Management Inc. now owns 3,297,242 shares of the financial services provider’s stock worth $32,709,000 after acquiring an additional 263,450 shares during the last quarter. Aurora Private Wealth Inc. grew its position in First Trust/Aberdeen Global Opportunity Income Fund by 9.8% during the 3rd quarter. Aurora Private Wealth Inc. now owns 22,325 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 2,000 shares during the last quarter. LPL Financial LLC grew its position in First Trust/Aberdeen Global Opportunity Income Fund by 2.2% during the 3rd quarter. LPL Financial LLC now owns 206,643 shares of the financial services provider’s stock worth $1,978,000 after acquiring an additional 4,420 shares during the last quarter. Shaker Financial Services LLC grew its position in First Trust/Aberdeen Global Opportunity Income Fund by 335.4% during the 3rd quarter. Shaker Financial Services LLC now owns 205,695 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 158,448 shares during the last quarter. Finally, Shelton Capital Management bought a new position in First Trust/Aberdeen Global Opportunity Income Fund during the 3rd quarter worth approximately $4,225,000.

About First Trust/Aberdeen Global Opportunity Income Fund

First Trust/Aberdeen Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

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