Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Up 82.5% in February

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 330,897 shares, a growth of 82.5% from the January 29th total of 181,350 shares. Based on an average trading volume of 265,366 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 265,366 shares, the days-to-cover ratio is currently 1.2 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI opened at $25.31 on Monday. Abrdn Global Infrastructure Income Fund has a twelve month low of $16.65 and a twelve month high of $25.95. The firm’s fifty day simple moving average is $23.08 and its 200-day simple moving average is $21.80.

Abrdn Global Infrastructure Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.22 dividend. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date was Friday, February 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC lifted its stake in Abrdn Global Infrastructure Income Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 796,119 shares of the company’s stock worth $16,821,000 after purchasing an additional 2,237 shares during the last quarter. UBS Group AG raised its holdings in Abrdn Global Infrastructure Income Fund by 1.1% during the fourth quarter. UBS Group AG now owns 764,143 shares of the company’s stock worth $17,086,000 after purchasing an additional 8,437 shares in the last quarter. Equitable Holdings Inc. lifted its position in shares of Abrdn Global Infrastructure Income Fund by 10.2% during the 4th quarter. Equitable Holdings Inc. now owns 694,961 shares of the company’s stock worth $15,539,000 after buying an additional 64,549 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Abrdn Global Infrastructure Income Fund by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 490,514 shares of the company’s stock valued at $10,968,000 after buying an additional 26,714 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Abrdn Global Infrastructure Income Fund by 8.2% in the 2nd quarter. Raymond James Financial Inc. now owns 215,387 shares of the company’s stock valued at $4,390,000 after buying an additional 16,319 shares during the last quarter.

Abrdn Global Infrastructure Income Fund Company Profile

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.