Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Update

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 381,032 shares, a drop of 26.3% from the December 31st total of 517,289 shares. Based on an average trading volume of 281,386 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 281,386 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several large investors have recently modified their holdings of ASGI. Allworth Financial LP bought a new stake in Abrdn Global Infrastructure Income Fund during the 2nd quarter worth approximately $31,000. Cloud Capital Management LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the third quarter worth approximately $34,000. Geneos Wealth Management Inc. raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 147.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock valued at $40,000 after purchasing an additional 1,284 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Abrdn Global Infrastructure Income Fund by 114.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,031 shares of the company’s stock worth $43,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the 4th quarter valued at about $50,000.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE:ASGI traded up $0.13 during trading hours on Friday, hitting $22.91. The company had a trading volume of 244,718 shares, compared to its average volume of 319,841. The stock has a 50-day moving average price of $22.15 and a 200 day moving average price of $21.36. Abrdn Global Infrastructure Income Fund has a 52 week low of $16.65 and a 52 week high of $23.22.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

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.