Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 82.1% in February

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 49,900 shares, an increase of 82.1% from the January 31st total of 27,400 shares. Based on an average daily volume of 189,300 shares, the short-interest ratio is presently 0.3 days.

Abrdn Global Infrastructure Income Fund Stock Down 0.3 %

NYSE ASGI opened at $17.93 on Tuesday. The company has a 50 day moving average of $17.82 and a 200-day moving average of $18.96. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend was Friday, February 21st.

Insiders Place Their Bets

In other news, Director Thomas W. Hunersen acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $17.67 per share, with a total value of $88,350.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $106,020. This represents a 500.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 20,860 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $19.68, for a total transaction of $410,524.80. Following the sale, the insider now directly owns 2,702,703 shares of the company’s stock, valued at approximately $53,189,195.04. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the third quarter valued at approximately $14,453,000. International Assets Investment Management LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the third quarter valued at approximately $5,175,000. LPL Financial LLC increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 4.0% in the fourth quarter. LPL Financial LLC now owns 224,040 shares of the company’s stock valued at $3,927,000 after purchasing an additional 8,631 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 4.5% in the fourth quarter. First Trust Advisors LP now owns 148,132 shares of the company’s stock valued at $2,597,000 after purchasing an additional 6,323 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the fourth quarter valued at approximately $1,635,000.

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.