Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Increases By 66.0%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 463,368 shares, an increase of 66.0% from the June 30th total of 279,124 shares. Based on an average trading volume of 162,208 shares, the short-interest ratio is currently 2.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 1,284 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the first quarter valued at approximately $41,000. Brown Brothers Harriman & Co. raised its position in Abrdn Global Infrastructure Income Fund by 114.5% in the 3rd 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 during the last quarter. Allworth Financial LP raised its position in Abrdn Global Infrastructure Income Fund by 44.3% in the 4th quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $48,000 after purchasing an additional 664 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the 4th quarter worth $50,000.

Abrdn Global Infrastructure Income Fund Trading Up 0.4%

ASGI traded up $0.10 during trading on Friday, hitting $23.93. The company’s stock had a trading volume of 94,862 shares, compared to its average volume of 200,153. The firm’s 50 day moving average price is $23.27 and its two-hundred day moving average price is $23.42. Abrdn Global Infrastructure Income Fund has a 12 month low of $20.01 and a 12 month high of $25.95.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be paid a $0.22 dividend. The ex-dividend date is Thursday, July 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.