First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 49,200 shares, a decline of 9.4% from the May 31st total of 54,300 shares. Based on an average trading volume of 21,500 shares, the short-interest ratio is currently 2.3 days.
Institutional Trading of First Trust/Abrdn Global Opportunity Income Fund
A number of large investors have recently bought and sold shares of the company. Karpus Management Inc. increased its holdings in First Trust/Abrdn Global Opportunity Income Fund by 7.3% in the 4th quarter. Karpus Management Inc. now owns 1,452,564 shares of the financial services provider’s stock worth $9,137,000 after acquiring an additional 99,148 shares during the last quarter. Raymond James & Associates boosted its position in First Trust/Abrdn Global Opportunity Income Fund by 28.3% during the fourth quarter. Raymond James & Associates now owns 55,334 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 12,215 shares during the period. Cetera Advisors LLC increased its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 170.3% in the first quarter. Cetera Advisors LLC now owns 43,250 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 27,251 shares in the last quarter. ORG Partners LLC bought a new stake in shares of First Trust/Abrdn Global Opportunity Income Fund in the first quarter valued at approximately $140,000. Finally, Founders Financial Alliance LLC lifted its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 18.6% during the 4th quarter. Founders Financial Alliance LLC now owns 18,334 shares of the financial services provider’s stock valued at $115,000 after buying an additional 2,881 shares in the last quarter.
First Trust/Abrdn Global Opportunity Income Fund Stock Up 0.2 %
Shares of First Trust/Abrdn Global Opportunity Income Fund stock traded up $0.01 on Wednesday, reaching $6.29. 7,553 shares of the company traded hands, compared to its average volume of 27,008. First Trust/Abrdn Global Opportunity Income Fund has a 52 week low of $5.38 and a 52 week high of $6.67. The company has a 50 day moving average of $6.39 and a 200 day moving average of $6.37.
First Trust/Abrdn Global Opportunity Income Fund Dividend Announcement
First Trust/Abrdn Global Opportunity Income Fund Company Profile
First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.
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