Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Drops By 60.4%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 33,100 shares, a decrease of 60.4% from the November 30th total of 83,600 shares. Based on an average trading volume of 142,100 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 2,349 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $19.67, for a total value of $46,204.83. Following the completion of the sale, the insider now owns 2,955,400 shares in the company, valued at $58,132,718. This represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 183,872 shares of company stock valued at $3,626,382.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter valued at $14,453,000. International Assets Investment Management LLC acquired a new position in Abrdn Global Infrastructure Income Fund during the third quarter worth $5,175,000. Old Port Advisors bought a new position in Abrdn Global Infrastructure Income Fund during the third quarter valued at about $1,885,000. Sanctuary Advisors LLC raised its holdings in Abrdn Global Infrastructure Income Fund by 17.3% during the third quarter. Sanctuary Advisors LLC now owns 83,685 shares of the company’s stock valued at $1,636,000 after buying an additional 12,318 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the third quarter worth about $1,584,000.

Abrdn Global Infrastructure Income Fund Trading Down 0.9 %

Shares of NYSE:ASGI opened at $18.14 on Friday. The business has a fifty day simple moving average of $19.26 and a 200 day simple moving average of $19.24. Abrdn Global Infrastructure Income Fund has a 1 year low of $16.58 and a 1 year high of $20.35.

Abrdn Global Infrastructure Income Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a dividend of $0.20 per share. This represents a yield of 13.2%. The ex-dividend date of this dividend is Monday, December 30th.

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.