abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Sees Large Decline in Short Interest

Posted by Don Miller on Oct 14th, 2024

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 86,000 shares, a decline of 15.1% from the September 15th total of 101,300 shares. Based on an average daily volume of 78,300 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On abrdn Global Income Fund

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. purchased a new stake in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned about 0.10% of abrdn Global Income Fund at the end of the most recent quarter. 10.79% of the stock is owned by institutional investors and hedge funds.

abrdn Global Income Fund Stock Down 0.2 %

NYSEAMERICAN FCO traded down $0.01 during trading hours on Monday, hitting $6.01. The company’s stock had a trading volume of 24,387 shares, compared to its average volume of 75,983. abrdn Global Income Fund has a 52 week low of $4.73 and a 52 week high of $6.63.

abrdn Global Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 13.98%. The ex-dividend date is Thursday, October 24th.

abrdn Global Income Fund Company Profile

(Get Free Report)

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.