Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Declines By 15.1%

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 86,000 shares, a decline of 15.1% from the September 15th total of 101,300 shares. Based on an average trading volume of 78,300 shares, the short-interest ratio is presently 1.1 days.

abrdn Global Income Fund Stock Performance

Shares of NYSEAMERICAN FCO traded down $0.01 during mid-day trading on Wednesday, reaching $6.08. The company had a trading volume of 26,995 shares, compared to its average volume of 75,688. 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 business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.84 annualized dividend and a yield of 13.82%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in abrdn Global Income Fund stock. Centaurus Financial Inc. bought a new position in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned 0.10% of abrdn Global Income Fund as of its most recent SEC filing. Institutional investors and hedge funds 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.