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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 141,952 shares, a growth of 100.1% from the March 31st total of 70,958 shares. Based on an average daily volume of 120,285 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Hedge funds have recently made changes to their positions in the stock. Cloud Capital Management LLC bought a new stake in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $34,000. Geneos Wealth Management Inc. raised its stake in Abrdn Global Infrastructure Income Fund by 147.9% during 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. Brown Brothers Harriman & Co. raised its stake in Abrdn Global Infrastructure Income Fund by 114.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,031 shares of the company’s stock valued at $43,000 after acquiring an additional 1,084 shares in the last quarter. Allworth Financial LP raised its stake in Abrdn Global Infrastructure Income Fund by 44.3% during the 4th quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock valued at $48,000 after acquiring an additional 664 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $50,000.

Abrdn Global Infrastructure Income Fund Trading Up 0.1%

NYSE:ASGI traded up $0.03 during trading hours on Monday, reaching $23.71. 102,533 shares of the stock were exchanged, compared to its average volume of 224,349. Abrdn Global Infrastructure Income Fund has a 52 week low of $18.53 and a 52 week high of $25.95. The firm has a 50 day simple moving average of $23.63 and a 200-day simple moving average of $22.54.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 11.6%.

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.