Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 36.0%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 21,200 shares, a decrease of 36.0% from the December 15th total of 33,100 shares. Based on an average daily trading volume, of 172,400 shares, the short-interest ratio is presently 0.1 days.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 2,349 shares of Abrdn Global Infrastructure Income Fund stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $19.67, for a total transaction of $46,204.83. Following the sale, the insider now owns 2,955,400 shares in the company, valued at $58,132,718. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 183,872 shares of company stock valued at $3,626,382 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. acquired a new stake in Abrdn Global Infrastructure Income Fund during the 3rd quarter valued at approximately $208,000. Smart Portfolios LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter valued at approximately $218,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund during the third quarter worth approximately $254,000. Commonwealth Equity Services LLC increased its stake in shares of Abrdn Global Infrastructure Income Fund by 16.0% in the second quarter. Commonwealth Equity Services LLC now owns 19,581 shares of the company’s stock worth $358,000 after buying an additional 2,706 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Abrdn Global Infrastructure Income Fund by 13.7% in the second quarter. Quarry LP now owns 21,559 shares of the company’s stock worth $395,000 after buying an additional 2,593 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Stock Performance

Abrdn Global Infrastructure Income Fund stock traded up $0.10 during midday trading on Friday, hitting $18.14. 211,472 shares of the stock were exchanged, compared to its average volume of 308,379. Abrdn Global Infrastructure Income Fund has a 1 year low of $16.58 and a 1 year high of $20.35. The company has a 50 day moving average price of $18.58 and a two-hundred day moving average price of $19.14.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date is Friday, January 24th.

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.