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

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 31,500 shares, a decrease of 36.0% from the February 29th total of 49,200 shares. Based on an average daily trading volume, of 96,100 shares, the short-interest ratio is presently 0.3 days.

abrdn Global Income Fund Stock Up 0.6 %

FCO stock traded up $0.03 during midday trading on Friday, reaching $5.43. 59,855 shares of the company’s stock traded hands, compared to its average volume of 76,288. abrdn Global Income Fund has a 1-year low of $4.73 and a 1-year high of $6.63.

abrdn Global Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 20th. This represents a $0.84 dividend on an annualized basis and a yield of 15.47%.

Institutional Investors Weigh In On abrdn Global Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its position in abrdn Global Income Fund by 48.9% in the 1st quarter. UBS Group AG now owns 6,391 shares of the company’s stock valued at $32,000 after buying an additional 2,098 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of abrdn Global Income Fund in the 2nd quarter worth $56,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of abrdn Global Income Fund in the 1st quarter worth $63,000. Moors & Cabot Inc. bought a new position in shares of abrdn Global Income Fund in the 1st quarter worth $64,000. Finally, Virtu Financial LLC bought a new position in shares of abrdn Global Income Fund in the 4th quarter worth $65,000. 10.79% of the stock is owned by institutional investors and hedge funds.

abrdn Global Income Fund Company Profile

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.