Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Rises By 82.5%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 330,897 shares, an increase of 82.5% from the January 29th total of 181,350 shares. Based on an average daily trading volume, of 265,366 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 265,366 shares, the days-to-cover ratio is currently 1.2 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI traded up $0.13 during trading hours on Friday, reaching $25.31. 191,797 shares of the company’s stock traded hands, compared to its average volume of 286,710. The firm’s 50 day simple moving average is $23.08 and its 200-day simple moving average is $21.80. Abrdn Global Infrastructure Income Fund has a 12 month low of $16.65 and a 12 month high of $25.95.

Abrdn Global Infrastructure Income Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 10.4%. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Uhlmann Price Securities LLC lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 2.0% during the 4th quarter. Uhlmann Price Securities LLC now owns 30,877 shares of the company’s stock worth $690,000 after acquiring an additional 598 shares during the last quarter. Allworth Financial LP lifted its stake in Abrdn Global Infrastructure Income Fund by 44.3% during the fourth quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $48,000 after purchasing an additional 664 shares during the last quarter. Centurion Wealth Management LLC boosted its holdings in shares of Abrdn Global Infrastructure Income Fund by 2.7% in the 3rd quarter. Centurion Wealth Management LLC now owns 28,135 shares of the company’s stock worth $594,000 after purchasing an additional 730 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Abrdn Global Infrastructure Income Fund by 6.4% in the 4th quarter. Perigon Wealth Management LLC now owns 12,994 shares of the company’s stock worth $291,000 after purchasing an additional 785 shares in the last quarter. Finally, WealthShield Partners LLC increased its position in shares of Abrdn Global Infrastructure Income Fund by 2.2% during the 2nd quarter. WealthShield Partners LLC now owns 42,824 shares of the company’s stock valued at $873,000 after purchasing an additional 906 shares during the last quarter.

About Abrdn Global Infrastructure Income Fund

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.