abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Sees Large Increase in Short Interest

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 198,700 shares, an increase 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 presently 3.4 days.

abrdn Global Income Fund Price Performance

FCO stock remained flat at $5.96 during trading on Friday. 39,974 shares of the company were exchanged, compared to its average volume of 74,502. abrdn Global Income Fund has a 12 month low of $4.73 and a 12 month high of $6.63.

abrdn Global Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 14.09%. The ex-dividend date of this dividend was Thursday, November 21st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. purchased a new stake in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned 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.

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.