abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 717,000 shares, an increase of 31.8% from the April 30th total of 544,100 shares. Approximately 5.8% of the company's shares are sold short. Based on an average daily trading volume, of 73,000 shares, the short-interest ratio is currently 9.8 days.
abrdn Global Income Fund Stock Up 0.2%
FCO stock traded up $0.01 during midday trading on Thursday, hitting $6.26. The stock had a trading volume of 41,993 shares, compared to its average volume of 70,620. The stock's 50-day moving average price is $6.03. abrdn Global Income Fund has a 52-week low of $5.30 and a 52-week high of $6.61.
abrdn Global Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were paid a $0.07 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.84 annualized dividend and a dividend yield of 13.42%.
Institutional Investors Weigh In On abrdn Global Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC bought a new stake in shares of abrdn Global Income Fund in the 1st quarter worth approximately $61,000. LPL Financial LLC purchased a new position in abrdn Global Income Fund during the fourth quarter valued at $64,000. Detalus Advisors LLC bought a new stake in abrdn Global Income Fund in the first quarter worth $66,000. Ethos Financial Group LLC purchased a new stake in shares of abrdn Global Income Fund in the first quarter worth $96,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of abrdn Global Income Fund in the first quarter worth $138,000. Hedge funds and other institutional investors own 10.79% of the company's stock.
About abrdn Global Income Fund
(
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Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.
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