Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Grows By 45.2%

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 367,520 shares, a growth of 45.2% from the January 15th total of 253,039 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily volume of 188,870 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 188,870 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Total Wealth Planning & Management Inc. bought a new stake in shares of abrdn Global Income Fund during the 4th quarter valued at about $42,000. Susquehanna International Group LLP lifted its holdings in abrdn Global Income Fund by 167.1% in the third quarter. Susquehanna International Group LLP now owns 53,629 shares of the company’s stock worth $160,000 after buying an additional 33,547 shares during the period. Virtu Financial LLC bought a new stake in abrdn Global Income Fund during the 3rd quarter valued at approximately $36,000. Landscape Capital Management L.L.C. purchased a new position in shares of abrdn Global Income Fund during the 3rd quarter worth approximately $47,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of abrdn Global Income Fund during the 3rd quarter worth approximately $34,000. 10.79% of the stock is currently owned by institutional investors.

abrdn Global Income Fund Stock Up 0.3%

FCO opened at $3.09 on Friday. abrdn Global Income Fund has a one year low of $2.73 and a one year high of $6.77. The business has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $3.80.

abrdn Global Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 27.2%.

About abrdn Global Income Fund

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.