Abrdn Income Credit Strategies Fund - ACP Stock Forecast, Price & News

Abrdn Income Credit Strategies Fund's stock was trading at $10.18 at the start of the year. Since then, ACP stock has decreased by 15.7% and is now trading at $8.58.
View the best growth stocks for 2022 here.

Abrdn Income Credit Strategies Fund saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 160,900 shares, an increase of 283.1% from the June 30th total of 42,000 shares. Based on an average trading volume of 94,500 shares, the short-interest ratio is currently 1.7 days.
View Abrdn Income Credit Strategies Fund's Short Interest.

Abrdn Income Credit Strategies Fund declared a monthly dividend on Tuesday, July 12th. Investors of record on Friday, July 22nd will be paid a dividend of $0.10 per share on Friday, July 29th. This represents a $1.20 annualized dividend and a yield of 13.99%. The ex-dividend date of this dividend is Thursday, July 21st.
Read our dividend analysis for ACP.

Abrdn Income Credit Strategies Fund (NYSE:ACP) pays an annual dividend of $1.44 per share and currently has a dividend yield of 0.11%.
Read our dividend analysis for ACP.

6 employees have rated Abrdn Income Credit Strategies Fund Chief Executive Officer Adam Goral on Glassdoor.com. Adam Goral has an approval rating of 100% among the company's employees. This puts Adam Goral in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Abrdn Income Credit Strategies Fund investors own include Oxford Lane Capital (OXLC), Annaly Capital Management (NLY), AT&T (T), AGNC Investment (AGNC), Cornerstone Strategic Value Fund (CLM), GAMCO Global Gold, Natural Resources & Income Trust (GGN), Orchid Island Capital (ORC), Vermilion Energy (VET), Credit Suisse High Yield Bond Fund (DHY) and Virtus Stone Harbor Emerging Markets Income Fund (EDF).

Abrdn Income Credit Strategies Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACP."

Abrdn Income Credit Strategies Fund's stock is owned by many different retail and institutional investors. Top institutional shareholders include LFA Lugano Financial Advisors SA (0.00%).
View institutional ownership trends.

Shares of ACP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ACP stock can currently be purchased for approximately $8.58.

Abrdn Income Credit Strategies Fund's mailing address is 399 Park Ave Fl 6, NEW YORK, NY 10022-5074, United States. The official website for the company is www.avenuecapital.com. The investment management company can be reached via phone at (215) 405-5700.