Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Update

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 414,825 shares, a decline of 39.6% from the August 31st total of 686,376 shares. Based on an average daily volume of 291,442 shares, the short-interest ratio is presently 1.4 days.

Abrdn Global Infrastructure Income Fund Stock Down 1.5%

Shares of ASGI traded down $0.29 during trading hours on Thursday, hitting $19.03. The stock had a trading volume of 297,870 shares, compared to its average volume of 211,549. The company’s fifty day moving average is $22.71 and its two-hundred day moving average is $23.12. Abrdn Global Infrastructure Income Fund has a 52 week low of $18.90 and a 52 week high of $25.95.

Abrdn Global Infrastructure Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Tuesday, October 6th.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. grew its position in Abrdn Global Infrastructure Income Fund by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 54,586 shares of the company’s stock worth $1,269,000 after acquiring an additional 609 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Abrdn Global Infrastructure Income Fund during the 2nd quarter valued at $574,000. Wedbush Securities Inc. bought a new position in Abrdn Global Infrastructure Income Fund in the 2nd quarter valued at $223,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Abrdn Global Infrastructure Income Fund by 13.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,227 shares of the company’s stock valued at $308,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Abrdn Global Infrastructure Income Fund by 52.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 142,637 shares of the company’s stock worth $3,316,000 after purchasing an additional 49,339 shares in the last quarter.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment company managed by abrdn. The fund seeks to provide investors with current income and total return by investing in infrastructure-related assets and companies around the world.

Its portfolio may include publicly traded and privately held equity securities, as well as debt investments, issued by businesses involved in areas such as utilities, transportation, energy, communications infrastructure and other essential infrastructure services.