abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Short Interest Up 14.3% in January

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 297,400 shares, a growth of 14.3% from the December 31st total of 260,300 shares. Based on an average trading volume of 58,900 shares, the short-interest ratio is presently 5.0 days.

Hedge Funds Weigh In On abrdn Global Income Fund

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

abrdn Global Income Fund Trading Down 0.2 %

NYSEAMERICAN:FCO opened at $6.08 on Monday. abrdn Global Income Fund has a 1-year low of $5.12 and a 1-year high of $6.61.

abrdn Global Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 13.82%. The ex-dividend date of this dividend was Friday, January 24th.

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.