First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) Short Interest Up 165.9% in March

First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAMGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 35,100 shares, an increase of 165.9% from the March 15th total of 13,200 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.8 days.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its stake in First Trust/Aberdeen Global Opportunity Income Fund by 26.3% in the fourth quarter. Susquehanna International Group LLP now owns 17,446 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 3,632 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in First Trust/Aberdeen Global Opportunity Income Fund by 12.1% in the first quarter. Dynamic Advisor Solutions LLC now owns 28,729 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 3,109 shares during the last quarter. SFI Advisors LLC bought a new stake in First Trust/Aberdeen Global Opportunity Income Fund in the fourth quarter worth about $233,000. Concourse Financial Group Securities Inc. lifted its stake in First Trust/Aberdeen Global Opportunity Income Fund by 4.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 23,284 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of First Trust/Aberdeen Global Opportunity Income Fund by 7.4% during the second quarter. Morgan Stanley now owns 25,164 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,726 shares during the period.

Shares of NYSE FAM opened at $7.08 on Thursday. First Trust/Aberdeen Global Opportunity Income Fund has a 1 year low of $7.01 and a 1 year high of $10.36. The firm has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $9.08.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 18th. Shareholders of record on Monday, April 4th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.17%. The ex-dividend date is Friday, April 1st.

About First Trust/Aberdeen Global Opportunity Income Fund (Get Rating)

First Trust/Aberdeen 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.

Recommended Stories

Receive News & Ratings for First Trust/Aberdeen Global Opportunity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust/Aberdeen Global Opportunity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.