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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 15,000 shares, an increase of 7.1% from the March 15th total of 14,000 shares. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is currently 0.2 days.

Abrdn Global Infrastructure Income Fund Stock Down 1.4 %

Shares of ASGI stock opened at $16.74 on Tuesday. The stock has a 50-day moving average of $17.45 and a 200-day moving average of $17.09. Abrdn Global Infrastructure Income Fund has a one year low of $14.96 and a one year high of $18.55.

Abrdn Global Infrastructure Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.80 annualized dividend and a dividend yield of 10.75%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 25,229 shares of the stock in a transaction dated Monday, April 1st. The stock was bought at an average cost of $17.72 per share, with a total value of $447,057.88. Following the purchase, the insider now directly owns 2,622,888 shares in the company, valued at approximately $46,477,575.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 114,257 shares of company stock valued at $2,006,137 in the last ninety days.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its holdings in Abrdn Global Infrastructure Income Fund by 10.3% during the 3rd quarter. Morgan Stanley now owns 1,981,890 shares of the company’s stock valued at $31,908,000 after purchasing an additional 184,498 shares during the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 24.2% during the third quarter. Saba Capital Management L.P. now owns 1,432,963 shares of the company’s stock worth $23,071,000 after buying an additional 278,961 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 10.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 969,831 shares of the company’s stock worth $17,399,000 after buying an additional 91,710 shares in the last quarter. UBS Group AG lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 3.6% during the third quarter. UBS Group AG now owns 886,181 shares of the company’s stock worth $14,268,000 after buying an additional 30,623 shares in the last quarter. Finally, Pathstone Holdings LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter worth $12,035,000.

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.