Short Interest in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Decreases By 60.4%

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 33,100 shares, a decrease of 60.4% from the November 30th total of 83,600 shares. Based on an average daily volume of 142,100 shares, the days-to-cover ratio is currently 0.2 days.

Insiders Place Their Bets

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.69, for a total value of $816,662.44. Following the sale, the insider now directly owns 2,885,153 shares of the company’s stock, valued at approximately $56,808,662.57. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 183,872 shares of company stock worth $3,626,382 in the last quarter.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in ASGI. Penserra Capital Management LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter worth approximately $14,453,000. International Assets Investment Management LLC purchased a new stake in Abrdn Global Infrastructure Income Fund in the third quarter valued at $5,175,000. Old Port Advisors purchased a new position in shares of Abrdn Global Infrastructure Income Fund during the third quarter worth about $1,885,000. Sanctuary Advisors LLC increased its position in shares of Abrdn Global Infrastructure Income Fund by 17.3% during the third quarter. Sanctuary Advisors LLC now owns 83,685 shares of the company’s stock worth $1,636,000 after purchasing an additional 12,318 shares in the last quarter. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter valued at about $1,584,000.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE:ASGI traded down $0.20 during trading hours on Friday, hitting $18.11. The company’s stock had a trading volume of 132,977 shares, compared to its average volume of 112,726. Abrdn Global Infrastructure Income Fund has a 52-week low of $16.58 and a 52-week high of $20.35. The stock has a fifty day moving average of $19.30 and a 200-day moving average of $19.24.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a dividend of $0.20 per share. This represents a dividend yield of 13.2%. The ex-dividend date is Monday, December 30th.

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.