Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Decreases By 7.4%

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 96,200 shares, a drop of 7.4% from the October 15th total of 103,900 shares. Based on an average daily volume of 63,900 shares, the short-interest ratio is currently 1.5 days.

abrdn Global Income Fund Price Performance

Shares of FCO stock opened at $5.97 on Monday. abrdn Global Income Fund has a 12 month low of $4.73 and a 12 month high of $6.63.

abrdn Global Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a yield of 14.07%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. acquired a new stake in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned approximately 0.10% of abrdn Global Income Fund as of its most recent SEC filing. 10.79% of the stock is currently owned by institutional investors.

abrdn Global Income Fund Company Profile

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.