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

03 Mar 2025, 13:50 by Jessica Moore · The Cerbat Gem

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 49,900 shares, a growth of 82.1% from the January 31st total of 27,400 shares. Based on an average trading volume of 189,300 shares, the days-to-cover ratio is presently 0.3 days.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 16,188 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $19.78, for a total transaction of $320,198.64. Following the sale, the insider now owns 2,660,787 shares in the company, valued at $52,630,366.86. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas W. Hunersen purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $17.67 per share, with a total value of $88,350.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $106,020. This trade represents a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $14,453,000. International Assets Investment Management LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the third quarter worth $5,175,000. Raymond James Financial Inc. bought a new stake in Abrdn Global Infrastructure Income Fund during the fourth quarter valued at $1,635,000. Comerica Bank grew its position in Abrdn Global Infrastructure Income Fund by 6,884.0% during the fourth quarter. Comerica Bank now owns 56,710 shares of the company’s stock worth $994,000 after buying an additional 55,898 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new position in Abrdn Global Infrastructure Income Fund in the 4th quarter worth about $748,000.

Abrdn Global Infrastructure Income Fund Stock Up 0.4 %

NYSE ASGI traded up $0.08 during trading hours on Monday, hitting $18.07. The company had a trading volume of 76,539 shares, compared to its average volume of 198,190. Abrdn Global Infrastructure Income Fund has a 52 week low of $16.58 and a 52 week high of $20.35. The firm has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $18.96.

Abrdn Global Infrastructure Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.62%.

About Abrdn Global Infrastructure Income Fund

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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.