Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 82.1% in February

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 49,900 shares, an increase of 82.1% from the January 31st total of 27,400 shares. Based on an average trading volume of 189,300 shares, the short-interest ratio is currently 0.3 days.

Insiders Place Their Bets

In other news, Director Thomas W. Hunersen bought 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $17.67 per share, with a total value of $88,350.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $106,020. The trade was a 500.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 16,188 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $19.78, for a total transaction of $320,198.64. Following the transaction, the insider now directly owns 2,660,787 shares of the company’s stock, valued at approximately $52,630,366.86. This represents a 0.60 % decrease in their position. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CoreFirst Bank & Trust acquired a new position in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter valued at about $33,000. Millstone Evans Group LLC acquired a new position in Abrdn Global Infrastructure Income Fund in the fourth quarter worth about $34,000. K2 Principal Fund L.P. bought a new position in Abrdn Global Infrastructure Income Fund during the fourth quarter worth about $175,000. Jane Street Group LLC bought a new position in Abrdn Global Infrastructure Income Fund during the fourth quarter worth about $178,000. Finally, Moors & Cabot Inc. bought a new position in Abrdn Global Infrastructure Income Fund during the third quarter worth about $208,000.

Abrdn Global Infrastructure Income Fund Stock Down 0.3 %

Shares of ASGI opened at $17.93 on Tuesday. The company has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $18.96. Abrdn Global Infrastructure Income Fund has a 52 week low of $16.58 and a 52 week high of $20.35.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date was Friday, February 21st.

About Abrdn Global Infrastructure Income Fund

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.