abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Short Interest Down 7.4% in October

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 96,200 shares, a decrease of 7.4% from the October 15th total of 103,900 shares. Based on an average trading volume of 63,900 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On abrdn Global Income Fund

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. acquired a new position in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,906 shares of the company’s stock, valued at approximately $580,000. Oppenheimer & Co. Inc. owned 0.77% of abrdn Global Income Fund as of its most recent SEC filing. 10.79% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Global Income Fund Stock Down 0.3 %

FCO stock opened at $5.98 on Wednesday. abrdn Global Income Fund has a twelve month low of $4.73 and a twelve month high of $6.63.

abrdn Global Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 14.04%. The ex-dividend date is Thursday, November 21st.

About abrdn Global Income Fund

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.