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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 181,350 shares, a drop of 52.4% from the January 15th total of 381,032 shares. Based on an average trading volume of 358,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 358,400 shares, the days-to-cover ratio is currently 0.5 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI traded up $0.13 during trading hours on Thursday, hitting $24.80. The stock had a trading volume of 133,371 shares, compared to its average volume of 293,566. The firm has a 50-day moving average price of $22.45 and a 200 day moving average price of $21.51. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.65 and a fifty-two week high of $24.91.

Abrdn Global Infrastructure Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.22 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

A number of large investors have recently bought and sold shares of ASGI. Equitable Holdings Inc. grew its holdings in Abrdn Global Infrastructure Income Fund by 13.1% in the third quarter. Equitable Holdings Inc. now owns 630,412 shares of the company’s stock valued at $13,321,000 after purchasing an additional 73,221 shares during the period. Closed End Fund Advisors Inc. purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter valued at approximately $1,022,000. Successful Portfolios LLC acquired a new stake in Abrdn Global Infrastructure Income Fund in the 4th quarter valued at $871,000. Stratos Wealth Partners LTD. increased its holdings in Abrdn Global Infrastructure Income Fund by 251.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 51,868 shares of the company’s stock worth $1,096,000 after acquiring an additional 37,125 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Abrdn Global Infrastructure Income Fund by 168.1% in the 2nd quarter. Baird Financial Group Inc. now owns 55,867 shares of the company’s stock worth $1,139,000 after acquiring an additional 35,030 shares in the last quarter.

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.