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

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) was the target of a significant increase in short interest during 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 short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On abrdn Global Income Fund

An institutional investor recently bought a new position in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. bought a new position in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 at the end of the most recent reporting period. Institutional investors own 10.79% of the company’s stock.

abrdn Global Income Fund Stock Performance

Shares of 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 Announces Dividend

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

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.