Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Rises By 100.1%
by Amy Steele · The Cerbat GemAbrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 141,952 shares, an increase of 100.1% from the March 31st total of 70,958 shares. Based on an average daily volume of 120,285 shares, the short-interest ratio is currently 1.2 days.
Abrdn Global Infrastructure Income Fund Trading Down 0.5%
Abrdn Global Infrastructure Income Fund stock traded down $0.13 on Friday, hitting $23.72. The company’s stock had a trading volume of 95,263 shares, compared to its average volume of 225,911. The company has a fifty day moving average price of $23.67 and a 200-day moving average price of $22.52. Abrdn Global Infrastructure Income Fund has a one year low of $18.51 and a one year high of $25.95.
Abrdn Global Infrastructure Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.23 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Wednesday, April 22nd.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in ASGI. Jane Street Group LLC boosted its holdings in Abrdn Global Infrastructure Income Fund by 39.9% during the first quarter. Jane Street Group LLC now owns 14,204 shares of the company’s stock valued at $261,000 after purchasing an additional 4,049 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 147.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock worth $40,000 after buying an additional 1,284 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 5.6% in the 2nd quarter. Cetera Investment Advisers now owns 25,323 shares of the company’s stock worth $516,000 after buying an additional 1,332 shares in the last quarter. Invesco Ltd. lifted its position in shares of Abrdn Global Infrastructure Income Fund by 9.0% during the 2nd quarter. Invesco Ltd. now owns 64,360 shares of the company’s stock worth $1,312,000 after buying an additional 5,313 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Abrdn Global Infrastructure Income Fund by 168.1% during the 2nd quarter. Baird Financial Group Inc. now owns 55,867 shares of the company’s stock worth $1,139,000 after buying an additional 35,030 shares during the period.
About Abrdn Global Infrastructure Income Fund
Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.
The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.