Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Expands By 27.1%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 517,289 shares, a growth of 27.1% from the December 15th total of 406,984 shares. Based on an average trading volume of 151,614 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 151,614 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASGI. Allworth Financial LP purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the 2nd quarter worth approximately $31,000. Cloud Capital Management LLC purchased a new stake in Abrdn Global Infrastructure Income Fund in the third quarter worth $34,000. Brown Brothers Harriman & Co. raised its stake in shares of Abrdn Global Infrastructure Income Fund by 114.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,031 shares of the company’s stock valued at $43,000 after buying an additional 1,084 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 1,284 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Abrdn Global Infrastructure Income Fund during the 2nd quarter worth $63,000.

Abrdn Global Infrastructure Income Fund Trading Up 0.7%

Shares of Abrdn Global Infrastructure Income Fund stock traded up $0.15 during trading hours on Monday, hitting $21.96. 1,276,779 shares of the company’s stock traded hands, compared to its average volume of 371,796. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $23.22. The company has a fifty day simple moving average of $21.84 and a 200-day simple moving average of $21.23.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be issued a dividend of $0.21 per share. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Friday, January 23rd.

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.