abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 297,400 shares, an increase of 14.3% from the December 31st total of 260,300 shares. Based on an average daily volume of 58,900 shares, the days-to-cover ratio is presently 5.0 days.
abrdn Global Income Fund Price Performance
Shares of NYSEAMERICAN FCO traded down $0.01 during midday trading on Wednesday, reaching $6.04. 143,474 shares of the company traded hands, compared to its average volume of 106,625. abrdn Global Income Fund has a 12 month low of $5.12 and a 12 month high of $6.61.
abrdn Global Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 13.91%. The ex-dividend date of this dividend was Friday, January 24th.
Hedge Funds Weigh In On abrdn Global Income Fund
A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. acquired a new stake in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 96,906 shares of the company's stock, valued at approximately $580,000. Oppenheimer & Co. Inc. owned about 0.77% of abrdn Global Income Fund as of its most recent SEC filing. Hedge funds and other institutional investors own 10.79% of the company's stock.
About abrdn Global Income Fund
(
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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.
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