Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Sees Large Decline in Short Interest

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 50,800 shares, a decline of 24.5% from the February 28th total of 67,300 shares. Based on an average daily volume of 190,100 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, Director Thomas W. Hunersen bought 5,000 shares of Abrdn Global Infrastructure Income Fund 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 directly owns 6,000 shares of the company’s stock, valued at approximately $106,020. The trade was a 500.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Abrdn Global Infrastructure Income Fund by 30.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,468 shares of the company’s stock worth $289,000 after acquiring an additional 3,889 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in Abrdn Global Infrastructure Income Fund in the fourth quarter worth approximately $175,000. Ameriprise Financial Inc. lifted its stake in Abrdn Global Infrastructure Income Fund by 7.7% in the fourth quarter. Ameriprise Financial Inc. now owns 79,857 shares of the company’s stock valued at $1,381,000 after buying an additional 5,715 shares during the period. Jane Street Group LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter worth approximately $178,000. Finally, Comerica Bank boosted its holdings in shares of Abrdn Global Infrastructure Income Fund by 6,884.0% during the 4th quarter. Comerica Bank now owns 56,710 shares of the company’s stock worth $994,000 after buying an additional 55,898 shares in the last quarter.

Abrdn Global Infrastructure Income Fund Stock Up 0.0 %

Abrdn Global Infrastructure Income Fund stock traded up $0.00 during mid-day trading on Tuesday, hitting $18.39. 103,156 shares of the stock were exchanged, compared to its average volume of 138,308. Abrdn Global Infrastructure Income Fund has a 12 month low of $16.58 and a 12 month high of $20.35. The firm’s fifty day simple moving average is $18.04 and its two-hundred day simple moving average is $18.76.

Abrdn Global Infrastructure Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $2.28 annualized dividend and a yield of 12.40%.

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.