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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 59,700 shares, a growth of 17.5% from the May 31st total of 50,800 shares. Based on an average daily volume of 74,000 shares, the short-interest ratio is currently 0.8 days.

Insider Buying and Selling

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. purchased 8,397 shares of Abrdn Global Infrastructure Income Fund stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $17.84 per share, for a total transaction of $149,802.48. Following the completion of the acquisition, the insider now owns 2,913,572 shares of the company’s stock, valued at approximately $51,978,124.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Saba Capital Management, L.P. acquired 8,397 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $17.84 per share, for a total transaction of $149,802.48. Following the completion of the acquisition, the insider now directly owns 2,913,572 shares in the company, valued at approximately $51,978,124.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan R. Goodson acquired 3,881 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Thursday, April 18th. The shares were purchased at an average price of $16.83 per share, with a total value of $65,317.23. Following the acquisition, the director now owns 3,881 shares of the company’s stock, valued at $65,317.23. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 180,689 shares of company stock worth $3,145,369.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the fourth quarter valued at approximately $34,000. Eagle Bay Advisors LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the first quarter valued at approximately $35,000. Avalon Trust Co acquired a new position in Abrdn Global Infrastructure Income Fund during the fourth quarter valued at approximately $48,000. Whittier Trust Co. acquired a new position in Abrdn Global Infrastructure Income Fund during the first quarter valued at approximately $133,000. Finally, International Assets Investment Management LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the fourth quarter valued at approximately $211,000.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of NYSE:ASGI opened at $18.30 on Friday. Abrdn Global Infrastructure Income Fund has a 12-month low of $14.96 and a 12-month high of $19.46. The business has a 50 day moving average of $18.38 and a 200-day moving average of $17.85.

Abrdn Global Infrastructure Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were given a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 13.77%. This is an increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.20. The ex-dividend date was Friday, June 21st.

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.