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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 50,800 shares, a decline of 24.5% from the February 28th total of 67,300 shares. Based on an average daily volume of 190,100 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE:ASGI opened at $18.49 on Monday. The business has a 50 day moving average of $18.03 and a 200 day moving average of $18.78. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Abrdn Global Infrastructure Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.33%.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other news, Director Thomas W. Hunersen acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at $106,020. This trade represents a 500.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently made changes to their positions in ASGI. LPL Financial LLC lifted its stake in Abrdn Global Infrastructure Income Fund by 4.0% in the fourth quarter. LPL Financial LLC now owns 224,040 shares of the company’s stock worth $3,927,000 after purchasing an additional 8,631 shares during the last quarter. First Trust Advisors LP lifted its position in Abrdn Global Infrastructure Income Fund by 4.5% in the fourth quarter. First Trust Advisors LP now owns 148,132 shares of the company’s stock valued at $2,597,000 after purchasing an additional 6,323 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter valued at approximately $1,635,000. Sanctuary Advisors LLC grew its holdings in shares of Abrdn Global Infrastructure Income Fund by 17.3% in the third quarter. Sanctuary Advisors LLC now owns 83,685 shares of the company’s stock worth $1,636,000 after purchasing an additional 12,318 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Abrdn Global Infrastructure Income Fund by 7.7% in the fourth quarter. Ameriprise Financial Inc. now owns 79,857 shares of the company’s stock worth $1,381,000 after buying an additional 5,715 shares during the period.

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.