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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 15,000 shares, a growth of 7.1% from the March 15th total of 14,000 shares. Based on an average daily volume of 81,800 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. bought 2,281 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $17.01 per share, for a total transaction of $38,799.81. Following the purchase, the insider now directly owns 2,742,927 shares of the company’s stock, valued at $46,657,188.27. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders purchased 114,257 shares of company stock worth $2,006,137.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC bought a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $34,000. Moneta Group Investment Advisors LLC bought a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter valued at $258,000. Pathstone Holdings LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the fourth quarter worth $12,035,000. Karpus Management Inc. increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 5.0% in the fourth quarter. Karpus Management Inc. now owns 648,533 shares of the company’s stock worth $11,635,000 after purchasing an additional 30,971 shares during the period. Finally, Quantedge Capital Pte Ltd increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 30.7% in the fourth quarter. Quantedge Capital Pte Ltd now owns 26,840 shares of the company’s stock worth $482,000 after purchasing an additional 6,300 shares during the period.

Abrdn Global Infrastructure Income Fund Stock Down 0.8 %

NYSE:ASGI opened at $16.61 on Wednesday. The firm’s 50 day moving average is $17.43 and its 200 day moving average is $17.10. Abrdn Global Infrastructure Income Fund has a 12 month low of $14.96 and a 12 month high of $18.55.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.84%.

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.