Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Short Interest Down 27.8% in April

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 29,900 shares, a decline of 27.8% from the March 31st total of 41,400 shares. Based on an average trading volume of 157,200 shares, the short-interest ratio is currently 0.2 days.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI stock opened at $18.84 on Wednesday. Abrdn Global Infrastructure Income Fund has a 52-week low of $16.65 and a 52-week high of $20.35. The stock’s 50-day moving average price is $18.10 and its 200 day moving average price is $18.48.

Abrdn Global Infrastructure Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 12.74%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a boost from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.19.

Hedge Funds 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 increased its position in Abrdn Global Infrastructure Income Fund by 0.5% during the 1st quarter. Penserra Capital Management LLC now owns 770,421 shares of the company’s stock worth $14,168,000 after purchasing an additional 3,589 shares during the period. LPL Financial LLC grew its holdings in Abrdn Global Infrastructure Income Fund by 4.0% during the fourth quarter. LPL Financial LLC now owns 224,040 shares of the company’s stock worth $3,927,000 after acquiring an additional 8,631 shares during the period. First Trust Advisors LP raised its position in Abrdn Global Infrastructure Income Fund by 4.5% in the fourth quarter. First Trust Advisors LP now owns 148,132 shares of the company’s stock worth $2,597,000 after acquiring an additional 6,323 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Abrdn Global Infrastructure Income Fund in the fourth quarter valued at $1,635,000. Finally, Ameriprise Financial Inc. lifted its holdings in Abrdn Global Infrastructure Income Fund by 7.7% in the fourth quarter. Ameriprise Financial Inc. now owns 79,857 shares of the company’s stock valued at $1,381,000 after acquiring an additional 5,715 shares during the period.

About Abrdn Global Infrastructure Income Fund

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.