Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Down 60.4% in December

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 33,100 shares, a decrease of 60.4% from the November 30th total of 83,600 shares. Based on an average daily volume of 142,100 shares, the days-to-cover ratio is currently 0.2 days.

Abrdn Global Infrastructure Income Fund Trading Down 1.1 %

Shares of ASGI stock traded down $0.20 during midday trading on Friday, hitting $18.11. The company had a trading volume of 132,977 shares, compared to its average volume of 112,726. Abrdn Global Infrastructure Income Fund has a 52-week low of $16.58 and a 52-week high of $20.35. The company’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $19.24.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a yield of 13.2%.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.69, for a total transaction of $816,662.44. Following the transaction, the insider now owns 2,885,153 shares of the company’s stock, valued at $56,808,662.57. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 183,872 shares of company stock worth $3,626,382 in the last 90 days.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new stake in Abrdn Global Infrastructure Income Fund in the third quarter valued at about $437,000. Moors & Cabot Inc. purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter worth approximately $208,000. Penserra Capital Management LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter valued at approximately $14,453,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the third quarter valued at approximately $254,000. Finally, Smart Portfolios LLC purchased a new position in Abrdn Global Infrastructure Income Fund in the third quarter worth $218,000.

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.