Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 12.3% in September

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 318,300 shares, a growth 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 presently 2.2 days.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 41,344 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $19.32 per share, for a total transaction of $798,766.08. Following the completion of the acquisition, the insider now owns 2,957,749 shares in the company, valued at approximately $57,143,710.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in Abrdn Global Infrastructure Income Fund in the second quarter valued at approximately $1,228,000. Karpus Management Inc. grew its position in shares of Abrdn Global Infrastructure Income Fund by 5.0% in 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 during the last quarter. Stifel Financial Corp raised 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 acquiring an additional 25,362 shares in the last quarter. Whittier Trust Co. purchased a new stake in Abrdn Global Infrastructure Income Fund in the first quarter valued at $133,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Abrdn Global Infrastructure Income Fund by 22.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 39,256 shares of the company’s stock valued at $718,000 after acquiring an additional 7,249 shares in the last quarter.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of Abrdn Global Infrastructure Income Fund stock traded up $0.20 during trading on Friday, hitting $20.06. 138,632 shares of the stock were exchanged, compared to its average volume of 101,868. Abrdn Global Infrastructure Income Fund has a 12-month low of $14.96 and a 12-month high of $20.24. The firm’s 50-day moving average price is $19.30 and its 200 day moving average price is $18.57.

Abrdn Global Infrastructure Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a dividend of $0.21 per share. This represents a $2.52 annualized dividend and a dividend yield of 12.56%. The ex-dividend date is Friday, September 20th. This is a positive change from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.20.

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.