Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Expands By 47.4%

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 253,039 shares, a growth of 47.4% from the December 31st total of 171,657 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 105,431 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 105,431 shares, the short-interest ratio is currently 2.4 days. Approximately 2.3% of the company’s stock are short sold.

Institutional Investors Weigh In On abrdn Global Income Fund

Several institutional investors have recently made changes to their positions in FCO. Envestnet Asset Management Inc. bought a new stake in shares of abrdn Global Income Fund in the 2nd quarter valued at approximately $118,000. Osaic Holdings Inc. lifted its stake in abrdn Global Income Fund by 12.0% in the second quarter. Osaic Holdings Inc. now owns 14,402 shares of the company’s stock valued at $92,000 after acquiring an additional 1,547 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in abrdn Global Income Fund by 10.6% in the third quarter. Oppenheimer & Co. Inc. now owns 123,036 shares of the company’s stock worth $367,000 after acquiring an additional 11,819 shares in the last quarter. Integrity Advisory Solutions LLC acquired a new position in shares of abrdn Global Income Fund during the 3rd quarter worth $34,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of abrdn Global Income Fund during the 3rd quarter worth $47,000. 10.79% of the stock is currently owned by institutional investors and hedge funds.

abrdn Global Income Fund Stock Performance

abrdn Global Income Fund stock opened at $3.16 on Friday. abrdn Global Income Fund has a 12 month low of $2.73 and a 12 month high of $6.77. The company’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $4.04.

abrdn Global Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 23rd were paid a $0.07 dividend. The ex-dividend date was Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 26.6%.

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.