Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 7.1% in March

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 15,000 shares, an increase of 7.1% from the March 15th total of 14,000 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is currently 0.2 days.

Abrdn Global Infrastructure Income Fund Trading Up 0.8 %

Shares of ASGI stock opened at $16.74 on Thursday. The company has a 50 day moving average price of $17.42 and a 200-day moving average price of $17.09. 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 business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date of this dividend is Monday, April 22nd.

Insider Buying and Selling

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. purchased 25,229 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $17.72 per share, for a total transaction of $447,057.88. Following the completion of the purchase, the insider now directly owns 2,622,888 shares of the company’s stock, valued at $46,477,575.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 114,257 shares of company stock worth $2,006,137 in the last three months.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 3.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,129 shares of the company’s stock worth $379,000 after purchasing an additional 638 shares during the period. Steward Partners Investment Advisory LLC raised its position in Abrdn Global Infrastructure Income Fund by 2.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,882 shares of the company’s stock worth $644,000 after acquiring an additional 962 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 6.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,498 shares of the company’s stock worth $330,000 after acquiring an additional 1,201 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 4.4% during the 4th quarter. First Trust Advisors LP now owns 34,875 shares of the company’s stock worth $594,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Atlas Wealth LLC grew its position in shares of Abrdn Global Infrastructure Income Fund by 0.6% during the 3rd quarter. Atlas Wealth LLC now owns 237,075 shares of the company’s stock valued at $3,817,000 after acquiring an additional 1,519 shares during the period.

Abrdn Global Infrastructure Income Fund Company Profile

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.