Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 19.1% in February

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 393,961 shares, a growth of 19.1% from the February 12th total of 330,897 shares. Based on an average daily trading volume, of 236,874 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 236,874 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in ASGI. Jane Street Group LLC boosted its holdings in Abrdn Global Infrastructure Income Fund by 39.9% during the first quarter. Jane Street Group LLC now owns 14,204 shares of the company’s stock worth $261,000 after buying an additional 4,049 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Abrdn Global Infrastructure Income Fund by 147.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock worth $40,000 after buying an additional 1,284 shares during the last quarter. Allworth Financial LP bought a new position in shares of Abrdn Global Infrastructure Income Fund in the second quarter valued at $31,000. WealthShield Partners LLC increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 2.2% in the second quarter. WealthShield Partners LLC now owns 42,824 shares of the company’s stock valued at $873,000 after buying an additional 906 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Abrdn Global Infrastructure Income Fund by 5.6% during the 2nd quarter. Cetera Investment Advisers now owns 25,323 shares of the company’s stock valued at $516,000 after acquiring an additional 1,332 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Price Performance

NYSE:ASGI traded up $0.62 during mid-day trading on Monday, reaching $23.99. 137,464 shares of the stock were exchanged, compared to its average volume of 263,437. The business has a fifty day moving average price of $23.33 and a 200 day moving average price of $22.00. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.65 and a 1-year high of $25.95.

Abrdn Global Infrastructure Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.23 per share. This is a positive change from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.22. The ex-dividend date is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 11.5%.

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.