Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Update

Abrdn Global Infrastructure Income Fund (NYSE:ASGIGet Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 21,200 shares, a decrease of 36.0% from the December 15th total of 33,100 shares. Based on an average daily trading volume, of 172,400 shares, the days-to-cover ratio is currently 0.1 days.

Abrdn Global Infrastructure Income Fund Trading Up 0.5 %

ASGI stock opened at $17.41 on Wednesday. The business’s 50-day moving average is $18.70 and its 200 day moving average is $19.16. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.58 and a 12-month high of $20.35.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date of this dividend is Friday, January 24th.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 25,916 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $19.61, for a total transaction of $508,212.76. Following the completion of the sale, the insider now owns 2,830,760 shares of the company’s stock, valued at $55,511,203.60. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 183,872 shares of company stock valued at $3,626,382 in the last three months.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several large investors have recently made changes to their positions in ASGI. Commonwealth Equity Services LLC boosted its stake in Abrdn Global Infrastructure Income Fund by 16.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,581 shares of the company’s stock worth $358,000 after purchasing an additional 2,706 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position 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 worth $1,240,000 after acquiring an additional 3,773 shares during the last quarter. Quarry LP grew its stake in 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in Abrdn Global Infrastructure Income Fund in the 2nd quarter valued at about $1,228,000. Finally, Capital Investment Advisors LLC purchased a new position in Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $1,584,000.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

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.

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