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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,297,293 shares, an increase of 212.7% from the September 15th total of 414,825 shares. Based on an average daily trading volume, of 336,121 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors have recently made changes to their positions in ASGI. Farther Finance Advisors LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the 3rd quarter worth $830,000. Baird Financial Group Inc. increased its position in Abrdn Global Infrastructure Income Fund by 1.1% during the second quarter. Baird Financial Group Inc. now owns 54,586 shares of the company’s stock worth $1,269,000 after acquiring an additional 609 shares during the period. Readystate Asset Management LP bought a new position in Abrdn Global Infrastructure Income Fund during the second quarter worth $574,000. Wedbush Securities Inc. bought a new position in Abrdn Global Infrastructure Income Fund during the second quarter worth $223,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Abrdn Global Infrastructure Income Fund by 13.5% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,227 shares of the company’s stock valued at $308,000 after purchasing an additional 1,573 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of NYSE:ASGI opened at $19.56 on Wednesday. The company has a 50 day moving average price of $21.86 and a 200 day moving average price of $22.88. Abrdn Global Infrastructure Income Fund has a 1-year low of $18.90 and a 1-year high of $25.95.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 6th will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, October 6th.

Abrdn Global Infrastructure Income Fund Company Profile

abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment company that seeks to provide a high level of current income along with long-term capital appreciation. The fund invests in infrastructure-related businesses and assets across global markets, providing investors with diversified exposure to companies that support essential economic activity.

The fund’s portfolio may include publicly traded and privately held infrastructure investments in areas such as utilities, energy, transportation, communications, and social infrastructure.