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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 318,300 shares, an increase of 12.3% from the August 31st total of 283,400 shares. Based on an average daily volume of 144,700 shares, the short-interest ratio is currently 2.2 days.

Abrdn Global Infrastructure Income Fund Stock Performance

ASGI stock traded down $0.08 during trading on Tuesday, hitting $20.13. 63,686 shares of the company’s stock traded hands, compared to its average volume of 102,097. The business has a fifty day simple moving average of $19.32 and a two-hundred day simple moving average of $18.59. Abrdn Global Infrastructure Income Fund has a 1 year low of $14.96 and a 1 year high of $20.35.

Abrdn Global Infrastructure Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.21 per share. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.20. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.52%. The ex-dividend date was Friday, September 20th.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 41,344 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of $19.32 per share, with a total value of $798,766.08. Following the completion of the transaction, the insider now owns 2,957,749 shares in the company, valued at approximately $57,143,710.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its stake in Abrdn Global Infrastructure Income Fund by 2.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,882 shares of the company’s stock valued at $644,000 after acquiring an additional 962 shares in the last quarter. Stifel Financial Corp grew its stake in Abrdn Global Infrastructure Income Fund by 6.1% during the 4th quarter. Stifel Financial Corp now owns 441,289 shares of the company’s stock worth $7,917,000 after buying an additional 25,362 shares during the last quarter. Quantedge Capital Pte Ltd increased its position in Abrdn Global Infrastructure Income Fund by 30.7% during the 4th quarter. Quantedge Capital Pte Ltd now owns 26,840 shares of the company’s stock valued at $482,000 after buying an additional 6,300 shares in the last quarter. Karpus Management Inc. increased its position in Abrdn Global Infrastructure Income Fund by 5.0% during the 4th quarter. Karpus Management Inc. now owns 648,533 shares of the company’s stock valued at $11,635,000 after buying an additional 30,971 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in Abrdn Global Infrastructure Income Fund in the fourth quarter valued at about $34,000.

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.