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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 16,300 shares, a growth of 8.7% from the March 31st total of 15,000 shares. Based on an average daily trading volume, of 75,500 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 25,229 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $17.72 per share, for a total transaction of $447,057.88. Following the completion of the purchase, the insider now owns 2,622,888 shares of the company’s stock, valued at approximately $46,477,575.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Abrdn Global Infrastructure Income Fund news, Director Alan R. Goodson bought 3,881 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $16.83 per share, for a total transaction of $65,317.23. Following the transaction, the director now owns 3,881 shares of the company’s stock, valued at approximately $65,317.23. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Saba Capital Management, L.P. purchased 25,229 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $17.72 per share, for a total transaction of $447,057.88. Following the completion of the transaction, the insider now directly owns 2,622,888 shares in the company, valued at $46,477,575.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 158,814 shares of company stock worth $2,771,600.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of Abrdn Global Infrastructure Income Fund by 3.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,129 shares of the company’s stock worth $379,000 after acquiring an additional 638 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Abrdn Global Infrastructure Income Fund by 2.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,882 shares of the company’s stock valued at $644,000 after acquiring an additional 962 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Abrdn Global Infrastructure Income Fund by 6.2% in the third quarter. PNC Financial Services Group Inc. now owns 20,498 shares of the company’s stock valued at $330,000 after purchasing an additional 1,201 shares in the last quarter. Atlas Wealth LLC increased its position in shares of Abrdn Global Infrastructure Income Fund by 0.6% during the 3rd quarter. Atlas Wealth LLC now owns 237,075 shares of the company’s stock worth $3,817,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Abrdn Global Infrastructure Income Fund during the 4th quarter worth approximately $34,000.

Abrdn Global Infrastructure Income Fund Stock Down 0.9 %

NYSE:ASGI traded down $0.15 on Tuesday, reaching $17.19. The company’s stock had a trading volume of 45,372 shares, compared to its average volume of 78,411. The business’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $17.19. Abrdn Global Infrastructure Income Fund has a 1-year low of $14.96 and a 1-year high of $18.55.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date is Monday, April 22nd.

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.