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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 67,300 shares, an increase of 34.9% from the February 13th total of 49,900 shares. Based on an average daily volume of 195,500 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other news, Director Thomas W. Hunersen acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $106,020. This trade represents a 500.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. acquired a new position in Abrdn Global Infrastructure Income Fund during the 3rd quarter worth approximately $208,000. Penserra Capital Management LLC acquired a new position in shares of Abrdn Global Infrastructure Income Fund during the third quarter worth $14,453,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Abrdn Global Infrastructure Income Fund during the third quarter worth $437,000. Sanctuary Advisors LLC boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 17.3% in the third quarter. Sanctuary Advisors LLC now owns 83,685 shares of the company’s stock valued at $1,636,000 after purchasing an additional 12,318 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $335,000.

Abrdn Global Infrastructure Income Fund Stock Up 1.3 %

ASGI traded up $0.23 on Monday, reaching $18.33. 153,447 shares of the company’s stock were exchanged, compared to its average volume of 135,526. Abrdn Global Infrastructure Income Fund has a twelve month low of $16.58 and a twelve month high of $20.35. The company’s 50 day moving average is $17.86 and its 200-day moving average is $18.86.

Abrdn Global Infrastructure Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 12.44%. The ex-dividend date of this dividend is Tuesday, March 25th.

About Abrdn Global Infrastructure Income Fund

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.