Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 275.4% in July

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 181,300 shares, a growth of 275.4% from the July 15th total of 48,300 shares. Based on an average daily trading volume, of 125,700 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Abrdn Global Infrastructure Income Fund by 10.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 969,831 shares of the company’s stock worth $17,399,000 after buying an additional 91,710 shares during the last quarter. Karpus Management Inc. lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 1.6% in the 1st quarter. Karpus Management Inc. now owns 659,067 shares of the company’s stock valued at $11,698,000 after purchasing an additional 10,534 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 6.1% in the 4th quarter. Stifel Financial Corp now owns 441,289 shares of the company’s stock valued at $7,917,000 after purchasing an additional 25,362 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 24.5% in the 4th quarter. Cornerstone Advisors LLC now owns 275,873 shares of the company’s stock valued at $4,949,000 after purchasing an additional 54,240 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 2.9% in the 4th quarter. Private Advisor Group LLC now owns 106,236 shares of the company’s stock valued at $1,906,000 after purchasing an additional 2,954 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE ASGI traded down $0.08 on Tuesday, reaching $18.61. 81,440 shares of the company were exchanged, compared to its average volume of 98,009. The business’s fifty day moving average price is $18.68 and its 200 day moving average price is $18.05. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $14.96 and a fifty-two week high of $19.56.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a yield of 12.90%. The ex-dividend date of this dividend is Friday, August 23rd.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.