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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant decline in short interest in 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.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of ASGI stock opened at $18.49 on Monday. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35. The company’s 50-day moving average is $18.03 and its 200 day moving average is $18.78.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 12.33%. The ex-dividend date is Tuesday, March 25th.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, Director Thomas W. Hunersen acquired 5,000 shares of Abrdn Global Infrastructure Income Fund stock in a transaction that occurred on 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 transaction, the director now directly owns 6,000 shares in the company, valued at approximately $106,020. This represents a 500.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASGI. Steward Partners Investment Advisory LLC lifted its position in Abrdn Global Infrastructure Income Fund by 3.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,918 shares of the company’s stock valued at $700,000 after purchasing an additional 1,369 shares during the period. CoreFirst Bank & Trust bought a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $33,000. Millstone Evans Group LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund in the 4th quarter worth $34,000. Retirement Planning Co of New England Inc. grew its holdings in shares of Abrdn Global Infrastructure Income Fund by 21.8% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 16,412 shares of the company’s stock worth $288,000 after acquiring an additional 2,934 shares during the period. Finally, Mariner LLC increased its position in Abrdn Global Infrastructure Income Fund by 28.0% during the fourth quarter. Mariner LLC now owns 13,953 shares of the company’s stock valued at $245,000 after acquiring an additional 3,051 shares during the last quarter.

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.