Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Sees Large Increase in Short Interest

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 393,961 shares, a growth of 19.1% from the February 12th total of 330,897 shares. Based on an average trading volume of 236,874 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 236,874 shares, the days-to-cover ratio is presently 1.7 days.

Abrdn Global Infrastructure Income Fund Stock Down 0.5%

ASGI stock traded down $0.13 during mid-day trading on Tuesday, hitting $23.97. The company had a trading volume of 96,396 shares, compared to its average volume of 260,165. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $25.95. The company has a 50-day moving average price of $23.38 and a 200 day moving average price of $22.02.

Abrdn Global Infrastructure Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a dividend of $0.23 per share. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.22. The ex-dividend date is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 11.5%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter worth $613,000. NWF Advisory Services Inc. raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 4.8% in the 4th quarter. NWF Advisory Services Inc. now owns 12,279 shares of the company’s stock valued at $275,000 after purchasing an additional 563 shares in the last quarter. Invesco Ltd. lifted its stake in Abrdn Global Infrastructure Income Fund by 7.9% during the fourth quarter. Invesco Ltd. now owns 80,328 shares of the company’s stock worth $1,796,000 after purchasing an additional 5,855 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter worth about $236,000. Finally, Evolve Private Wealth LLC acquired a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter worth $1,821,000.

Abrdn Global Infrastructure Income Fund Company Profile

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.