Aberdeen Income Credit Strategies Fund Stock Forecast, Price & News

Wall Street analysts have given Aberdeen Income Credit Strategies Fund a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Aberdeen Income Credit Strategies Fund wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Aberdeen Income Credit Strategies Fund saw a increase in short interest in May. As of May 14th, there was short interest totaling 283,800 shares, an increase of 129.1% from the April 29th total of 123,900 shares. Based on an average daily volume of 147,700 shares, the short-interest ratio is currently 1.9 days.
View Aberdeen Income Credit Strategies Fund's Short Interest.

Aberdeen Income Credit Strategies Fund's stock was trading at $9.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ACP shares have increased by 20.6% and is now trading at $11.20.
View which stocks have been most impacted by COVID-19.

Aberdeen Income Credit Strategies Fund announced a monthly dividend on Tuesday, May 25th. Investors of record on Friday, June 4th will be given a dividend of $0.10 per share on Wednesday, June 30th. This represents a $1.20 annualized dividend and a yield of 10.71%. The ex-dividend date is Thursday, June 3rd.
View Aberdeen Income Credit Strategies Fund's dividend history.

Aberdeen Income Credit Strategies Fund pays an annual dividend of $1.44 per share and currently has a dividend yield of 0.11%.
View Aberdeen Income Credit Strategies Fund's dividend history.

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

Some companies that are related to Aberdeen Income Credit Strategies Fund include Aberdeen Global Dynamic Dividend Fund (AGD), Aberdeen International (AABVF), Aberdeen Total Dynamic Dividend Fund (AOD), AllianceBernstein National Municipal Income Fund (AFB), AllianzGI Convertible & Income 2024 Target Term Fund (CBH), Apollo Tactical Income Fund (AIF), Ares Dynamic Credit Allocation Fund (ARDC), BlackRock 2022 Global Income Opportunity Trust (BGIO), BlackRock Corporate High Yield Fund (HYT), BlackRock Credit Allocation Income Trust (BTZ), BlackRock Floating Rate Income Strategies Fund (FRA), BlackRock Floating Rate Income Trust (BGT), BlackRock Limited Duration Income Trust (BLW), BlackRock Muni Intermediate Duration Fund (MUI) and Blackrock Municipal 2030 Target Term Trust (BTT).
View all of ACP's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aberdeen 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 Stone Harbor Emerging Markets Income Fund (EDF).

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

Aberdeen Income Credit Strategies Fund's stock is owned by a number of retail and institutional investors. Top institutional investors include Sit Investment Associates Inc. (0.00%), Guggenheim Capital LLC (0.00%), Morgan Stanley (0.00%), Capital Investment Advisors LLC (0.00%), Mid Atlantic Financial Management Inc. ADV (0.00%) and Advisors Asset Management Inc. (0.00%).
View institutional ownership trends for Aberdeen Income Credit Strategies Fund.

ACP stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Mid Atlantic Financial Management Inc. ADV, Morgan Stanley, Advisors Asset Management Inc., Sit Investment Associates Inc., Capital Investment Advisors LLC, LFA Lugano Financial Advisors SA, and UBS Group AG.
View insider buying and selling activity for Aberdeen Income Credit Strategies Fund or view top insider-selling stocks.

ACP stock was acquired by a variety of institutional investors in the last quarter, including Royal Bank of Canada, and Commonwealth Equity Services LLC.
View insider buying and selling activity for Aberdeen Income Credit Strategies Fund or or view top insider-buying stocks.

Shares of ACP 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 $11.20.

The official website for Aberdeen Income Credit Strategies Fund is www.avenuecapital.com.

Aberdeen Income Credit Strategies Fund is headquartered at 399 Park Ave Fl 6, NEW YORK, NY 10022-5074, United States.

Aberdeen Income Credit Strategies Fund's mailing address is 399 Park Ave Fl 6, NEW YORK, NY 10022-5074, United States. The investment management company can be reached via phone at 212-878-3500.