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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 67,300 shares, a growth of 34.9% from the February 13th total of 49,900 shares. Based on an average daily trading volume, of 195,500 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, Director Thomas W. Hunersen purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at $106,020. The trade was a 500.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors have recently bought and sold shares of ASGI. CoreFirst Bank & Trust purchased a new stake in Abrdn Global Infrastructure Income Fund in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in Abrdn Global Infrastructure Income Fund in the 4th quarter worth about $34,000. K2 Principal Fund L.P. bought a new stake in Abrdn Global Infrastructure Income Fund in the 4th quarter valued at about $175,000. Jane Street Group LLC purchased a new stake in Abrdn Global Infrastructure Income Fund during the fourth quarter valued at about $178,000. Finally, Moors & Cabot Inc. bought a new position in Abrdn Global Infrastructure Income Fund during the third quarter worth about $208,000.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI traded up $0.25 during trading on Friday, hitting $18.13. 125,760 shares of the company traded hands, compared to its average volume of 135,454. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35. The stock’s fifty day moving average is $17.84 and its 200 day moving average is $18.87.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $2.28 annualized dividend and a dividend yield of 12.58%.

About Abrdn Global Infrastructure Income Fund

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.