Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 52.4%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 181,350 shares, a drop of 52.4% from the January 15th total of 381,032 shares. Based on an average daily volume of 358,400 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 358,400 shares, the short-interest ratio is presently 0.5 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Abrdn Global Infrastructure Income Fund stock traded up $0.92 during mid-day trading on Friday, hitting $25.67. The company’s stock had a trading volume of 500,693 shares, compared to its average volume of 301,670. The company has a 50 day moving average of $22.56 and a 200-day moving average of $21.56. Abrdn Global Infrastructure Income Fund has a one year low of $16.65 and a one year high of $25.95.

Abrdn Global Infrastructure Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC increased its position in Abrdn Global Infrastructure Income Fund by 0.3% during the 3rd quarter. Penserra Capital Management LLC now owns 796,119 shares of the company’s stock valued at $16,821,000 after purchasing an additional 2,237 shares during the period. UBS Group AG boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 1.1% during the fourth quarter. UBS Group AG now owns 764,143 shares of the company’s stock valued at $17,086,000 after purchasing an additional 8,437 shares in the last quarter. Equitable Holdings Inc. increased its holdings in Abrdn Global Infrastructure Income Fund by 13.1% during the third quarter. Equitable Holdings Inc. now owns 630,412 shares of the company’s stock valued at $13,321,000 after buying an additional 73,221 shares during the period. Wells Fargo & Company MN raised its stake in Abrdn Global Infrastructure Income Fund by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 490,514 shares of the company’s stock worth $10,968,000 after buying an additional 26,714 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Abrdn Global Infrastructure Income Fund by 8.2% during the second quarter. Raymond James Financial Inc. now owns 215,387 shares of the company’s stock worth $4,390,000 after buying an additional 16,319 shares during the period.

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.