Home Hedge Funds Short Interest in Aberdeen Standard Global Infrastructure Income Fund (NYSE:ASGI) Decreases By...

Short Interest in Aberdeen Standard Global Infrastructure Income Fund (NYSE:ASGI) Decreases By 35.7%

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Aberdeen Standard Global Infrastructure Income Fund (NYSE:ASGIGet Rating) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 3,600 shares, a decline of 35.7% from the April 30th total of 5,600 shares. Based on an average trading volume of 21,500 shares, the short-interest ratio is currently 0.2 days.

A number of hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in Aberdeen Standard Global Infrastructure Income Fund by 7.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,650 shares of the company’s stock worth $300,000 after acquiring an additional 1,000 shares during the period. Oppenheimer & Co. Inc. grew its stake in Aberdeen Standard Global Infrastructure Income Fund by 5.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,709 shares of the company’s stock worth $458,000 after acquiring an additional 1,255 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Aberdeen Standard Global Infrastructure Income Fund in the 3rd quarter valued at $32,000. Royal Bank of Canada boosted its holdings in shares of Aberdeen Standard Global Infrastructure Income Fund by 33.4% in the 3rd quarter. Royal Bank of Canada now owns 8,460 shares of the company’s stock valued at $169,000 after purchasing an additional 2,116 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Aberdeen Standard Global Infrastructure Income Fund by 7.7% in the 1st quarter. Invesco Ltd. now owns 31,958 shares of the company’s stock valued at $644,000 after purchasing an additional 2,297 shares during the last quarter.

ASGI stock traded up $0.23 during midday trading on Friday, hitting $19.21. The stock had a trading volume of 9,526 shares, compared to its average volume of 20,633. Aberdeen Standard Global Infrastructure Income Fund has a 12-month low of $18.11 and a 12-month high of $23.00. The company’s 50-day moving average price is $19.54 and its 200 day moving average price is $19.80.

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 19th. This represents a $1.44 annualized dividend and a yield of 7.50%.

About Aberdeen Standard Global Infrastructure Income Fund (Get Rating)

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.

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