Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 60.4%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 33,100 shares, a drop of 60.4% from the November 30th total of 83,600 shares. Based on an average trading volume of 142,100 shares, the short-interest ratio is currently 0.2 days.

Abrdn Global Infrastructure Income Fund Stock Down 0.9 %

Shares of ASGI stock opened at $18.14 on Friday. Abrdn Global Infrastructure Income Fund has a 52-week low of $16.58 and a 52-week high of $20.35. The company has a 50-day simple moving average of $19.26 and a two-hundred day simple moving average of $19.24.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 13.2%.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.69, for a total transaction of $816,662.44. Following the transaction, the insider now owns 2,885,153 shares of the company’s stock, valued at $56,808,662.57. This represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 183,872 shares of company stock valued at $3,626,382.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ASGI. Sanctuary Advisors LLC lifted its holdings in Abrdn Global Infrastructure Income Fund by 17.3% during the third quarter. Sanctuary Advisors LLC now owns 83,685 shares of the company’s stock valued at $1,636,000 after purchasing an additional 12,318 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter valued at approximately $437,000. Penserra Capital Management LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter valued at approximately $14,453,000. Moors & Cabot Inc. bought a new position in Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $208,000. Finally, Smart Portfolios LLC purchased a new position in Abrdn Global Infrastructure Income Fund in the 3rd quarter valued at approximately $218,000.

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.