abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Sees Large Increase in Short Interest

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 30,600 shares, an increase of 15.0% from the March 31st total of 26,600 shares. Based on an average trading volume of 74,900 shares, the short-interest ratio is presently 0.4 days.

abrdn Global Income Fund Price Performance

Shares of NYSEAMERICAN FCO traded down $0.02 during trading on Monday, reaching $5.55. 38,728 shares of the stock were exchanged, compared to its average volume of 88,734. abrdn Global Income Fund has a twelve month low of $4.73 and a twelve month high of $6.63.

abrdn Global Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.14%. The ex-dividend date of this dividend is Monday, April 22nd.

abrdn Global Income Fund Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.