Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Stock Short Interest Report for September

by · The Markets Daily

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,297,293 shares, an increase of 212.7% from the September 15th total of 414,825 shares. Based on an average daily volume of 336,121 shares, the short-interest ratio is presently 3.9 days.

Abrdn Global Infrastructure Income Fund Price Performance

Abrdn Global Infrastructure Income Fund stock traded up $0.12 during trading hours on Tuesday, hitting $19.56. The company had a trading volume of 199,533 shares, compared to its average volume of 211,071. The company has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $22.90. Abrdn Global Infrastructure Income Fund has a 1 year low of $18.90 and a 1 year high of $25.95.

Abrdn Global Infrastructure Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $2.64 annualized dividend and a yield of 13.5%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Abrdn Global Infrastructure Income Fund by 4.3% in the first quarter. Royal Bank of Canada now owns 148,654 shares of the company’s stock worth $3,324,000 after buying an additional 6,065 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 52.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 142,637 shares of the company’s stock valued at $3,316,000 after acquiring an additional 49,339 shares during the period. Fifth Third Bancorp raised its position in shares of Abrdn Global Infrastructure Income Fund by 816,720.0% in the 1st quarter. Fifth Third Bancorp now owns 122,523 shares of the company’s stock worth $2,740,000 after acquiring an additional 122,508 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Abrdn Global Infrastructure Income Fund by 11.2% in the 1st quarter. Cetera Investment Advisers now owns 74,598 shares of the company’s stock worth $1,668,000 after acquiring an additional 7,498 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Abrdn Global Infrastructure Income Fund by 1.1% in the 2nd quarter. Baird Financial Group Inc. now owns 54,586 shares of the company’s stock worth $1,269,000 after acquiring an additional 609 shares in the last quarter.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment company that seeks to provide a high level of current income along with long-term capital appreciation. The fund invests in infrastructure-related businesses and assets across global markets, providing investors with diversified exposure to companies that support essential economic activity.

The fund’s portfolio may include publicly traded and privately held infrastructure investments in areas such as utilities, energy, transportation, communications, and social infrastructure.

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