Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 27.1% in December

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 517,289 shares, an increase of 27.1% from the December 15th total of 406,984 shares. Based on an average daily trading volume, of 151,614 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily trading volume, of 151,614 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Abrdn Global Infrastructure Income Fund during the 2nd quarter valued at about $63,000. StoneX Group Inc. acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the second quarter valued at approximately $443,000. Steward Partners Investment Advisory LLC increased its stake in shares of Abrdn Global Infrastructure Income Fund by 3.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 42,427 shares of the company’s stock worth $865,000 after purchasing an additional 1,600 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Abrdn Global Infrastructure Income Fund in the second quarter worth $369,000. Finally, WealthShield Partners LLC raised its stake in Abrdn Global Infrastructure Income Fund by 2.2% in the 2nd quarter. WealthShield Partners LLC now owns 42,824 shares of the company’s stock valued at $873,000 after purchasing an additional 906 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI traded up $0.15 during trading hours on Friday, reaching $21.96. The company had a trading volume of 1,276,779 shares, compared to its average volume of 371,796. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $23.22. The firm has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $21.22.

Abrdn Global Infrastructure Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be paid a $0.21 dividend. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Friday, January 23rd.

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.