Short Interest in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Increases By 106.5%

Posted by Maddie Sorensen on Nov 29th, 2024

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Get Free Report) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 198,700 shares, a growth of 106.5% from the October 31st total of 96,200 shares. Based on an average daily volume of 58,600 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in abrdn Global Income Fund stock. Centaurus Financial Inc. acquired a new stake in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned approximately 0.10% of abrdn Global Income Fund as of its most recent SEC filing. 10.79% of the stock is currently owned by institutional investors and hedge funds.

abrdn Global Income Fund Trading Up 0.5 %

Shares of FCO traded up $0.03 during midday trading on Thursday, hitting $5.97. The company had a trading volume of 38,747 shares, compared to its average volume of 74,653. abrdn Global Income Fund has a 1 year low of $4.73 and a 1 year high of $6.63.

abrdn Global Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 14.08%. The ex-dividend date is Thursday, November 21st.

About abrdn Global Income Fund

(Get Free Report)

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.