Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Sees Significant Growth in Short Interest

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 193,000 shares, a growth of 26.3% from the October 15th total of 152,800 shares. Based on an average daily volume of 126,100 shares, the days-to-cover ratio is currently 1.5 days.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI stock opened at $19.23 on Friday. The stock’s fifty day simple moving average is $19.84 and its two-hundred day simple moving average is $19.16. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 13.10%.

Insider Activity

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 2,349 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $19.67, for a total value of $46,204.83. Following the completion of the sale, the insider now owns 2,955,400 shares in the company, valued at approximately $58,132,718. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of large investors have recently added to or reduced their stakes in ASGI. Quarry LP grew its position in shares of Abrdn Global Infrastructure Income Fund by 13.7% during the 2nd quarter. Quarry LP now owns 21,559 shares of the company’s stock valued at $395,000 after acquiring an additional 2,593 shares during the period. Commonwealth Equity Services LLC grew its holdings in Abrdn Global Infrastructure Income Fund by 16.0% during the second quarter. Commonwealth Equity Services LLC now owns 19,581 shares of the company’s stock valued at $358,000 after purchasing an additional 2,706 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Abrdn Global Infrastructure Income Fund by 5.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 67,738 shares of the company’s stock valued at $1,240,000 after purchasing an additional 3,773 shares during the period. Calamos Advisors LLC increased its position in Abrdn Global Infrastructure Income Fund by 46.4% in the second quarter. Calamos Advisors LLC now owns 22,626 shares of the company’s stock worth $414,000 after buying an additional 7,175 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Abrdn Global Infrastructure Income Fund by 22.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 39,256 shares of the company’s stock valued at $718,000 after buying an additional 7,249 shares during the period.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.