abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Short Interest Down 15.1% in September

Posted by Jessica Moore on Oct 14th, 2024

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 86,000 shares, a decrease of 15.1% from the September 15th total of 101,300 shares. Based on an average daily trading volume, of 78,300 shares, the days-to-cover ratio is currently 1.1 days.

abrdn Global Income Fund Stock Performance

abrdn Global Income Fund stock traded down $0.01 during mid-day trading on Monday, reaching $6.01. The company had a trading volume of 24,387 shares, compared to its average volume of 75,983. abrdn Global Income Fund has a fifty-two week low of $4.73 and a fifty-two week high of $6.63.

abrdn Global Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 13.98%. The ex-dividend date is Thursday, October 24th.

Institutional Trading of abrdn Global Income Fund

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. acquired a new stake in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned about 0.10% of abrdn Global Income Fund as of its most recent filing with the SEC. 10.79% of the stock is owned by institutional investors and hedge funds.

abrdn Global Income Fund Company Profile

(Get Free Report)

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.