Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Rises By 82.5%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 330,897 shares, a growth of 82.5% from the January 29th total of 181,350 shares. Based on an average daily trading volume, of 265,366 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 265,366 shares, the days-to-cover ratio is presently 1.2 days.

Abrdn Global Infrastructure Income Fund Stock Up 0.5%

Abrdn Global Infrastructure Income Fund stock traded up $0.13 during mid-day trading on Friday, reaching $25.31. The company’s stock had a trading volume of 191,797 shares, compared to its average volume of 286,710. The firm’s fifty day moving average price is $23.08 and its two-hundred day moving average price is $21.80. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $25.95.

Abrdn Global Infrastructure Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.22 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Friday, February 20th. This is a positive change from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ASGI. Evolve Private Wealth LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the fourth quarter valued at approximately $1,821,000. Equitable Holdings Inc. lifted its stake in Abrdn Global Infrastructure Income Fund by 13.1% in the 3rd quarter. Equitable Holdings Inc. now owns 630,412 shares of the company’s stock worth $13,321,000 after purchasing an additional 73,221 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $1,022,000. Successful Portfolios LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $871,000. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 251.8% in the third quarter. Stratos Wealth Partners LTD. now owns 51,868 shares of the company’s stock worth $1,096,000 after purchasing an additional 37,125 shares during the period.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.