Aberdeen Income Credit Strategies Fund (NYSE:ACP) Share Price Passes Above Two Hundred Day Moving Average of $12.33
Aberdeen Income Credit Strategies Fund (NYSE:ACP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.33 and traded as high as $12.05. Aberdeen Income Credit Strategies Fund shares last traded at $11.98, with a volume of 5,208 shares traded.
The business’s fifty day moving average is $12.47 and its 200-day moving average is $12.33.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 19th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 12.02%.
About Aberdeen Income Credit Strategies Fund (NYSE:ACP)
Avenue Income Credit Strategies Fund is a closed ended fixed income fund launched by Avenue Capital Group. It is managed by Avenue Capital Management II LP. The fund invests in fixed income markets across the globe. It seeks to invest in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
Read More: Yield Curve
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