Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Stock Short Interest Report for October

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 55,305 shares, a decline of 95.1% from the October 15th total of 1,120,519 shares. Based on an average daily volume of 240,574 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Moors & Cabot Inc. grew its holdings in Abrdn Global Infrastructure Income Fund by 7.2% in the third quarter. Moors & Cabot Inc. now owns 16,282 shares of the company’s stock valued at $315,000 after purchasing an additional 1,095 shares during the period. Allworth Financial LP raised its stake in Abrdn Global Infrastructure Income Fund by 44.3% during the third quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $42,000 after purchasing an additional 664 shares during the period. Wedbush Securities Inc. raised its stake in Abrdn Global Infrastructure Income Fund by 114.9% during the third quarter. Wedbush Securities Inc. now owns 20,651 shares of the company’s stock worth $399,000 after purchasing an additional 11,040 shares during the period. Retirement Planning Co of New England Inc. raised its stake in Abrdn Global Infrastructure Income Fund by 7.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 20,824 shares of the company’s stock worth $402,000 after purchasing an additional 1,359 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter valued at $830,000.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE ASGI traded down $0.29 during trading hours on Tuesday, hitting $20.78. 196,599 shares of the company’s stock were exchanged, compared to its average volume of 216,089. The business’s 50 day moving average is $20.14 and its 200-day moving average is $22.76. Abrdn Global Infrastructure Income Fund has a 12-month low of $18.90 and a 12-month high of $25.95.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 6th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 12.7%.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment fund managed by abrdn Inc. The fund seeks to provide investors with a high level of current income and the opportunity for capital appreciation by investing in infrastructure-related assets and companies. ASGI invests globally across infrastructure sectors, including utilities, energy, transportation, communications and other essential services. Its portfolio may include common and preferred stocks, debt securities and other income-producing investments issued by companies involved in developing, owning or operating infrastructure assets.