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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 50,800 shares, a decline of 24.5% from the February 28th total of 67,300 shares. Based on an average daily trading volume, of 190,100 shares, the short-interest ratio is presently 0.3 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of NYSE:ASGI opened at $18.39 on Wednesday. The business has a fifty day moving average of $18.04 and a 200-day moving average of $18.76. Abrdn Global Infrastructure Income Fund has a twelve month low of $16.58 and a twelve month high of $20.35.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date was Tuesday, March 25th.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, Director Thomas W. Hunersen acquired 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $17.67 per share, for a total transaction of $88,350.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $106,020. This trade represents a 500.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

A number of large investors have recently modified their holdings of ASGI. CoreFirst Bank & Trust acquired a new position in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter valued at $33,000. Millstone Evans Group LLC bought a new stake in Abrdn Global Infrastructure Income Fund during the 4th quarter worth about $34,000. K2 Principal Fund L.P. acquired a new position in Abrdn Global Infrastructure Income Fund during the 4th quarter valued at about $175,000. Jane Street Group LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the 4th quarter valued at about $178,000. Finally, Mariner LLC boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 28.0% in the 4th quarter. Mariner LLC now owns 13,953 shares of the company’s stock valued at $245,000 after purchasing an additional 3,051 shares during the last quarter.

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.