First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Short Interest Up 49.3% in April

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAMGet Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 40,000 shares, an increase of 49.3% from the April 15th total of 26,800 shares. Based on an average daily volume of 27,600 shares, the short-interest ratio is presently 1.4 days.

First Trust/Abrdn Global Opportunity Income Fund Stock Down 0.3 %

NYSE:FAM traded down $0.02 during trading hours on Tuesday, hitting $6.35. The stock had a trading volume of 48,198 shares, compared to its average volume of 29,192. The company has a 50 day simple moving average of $6.43 and a two-hundred day simple moving average of $6.24. First Trust/Abrdn Global Opportunity Income Fund has a one year low of $5.38 and a one year high of $6.67.

First Trust/Abrdn Global Opportunity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 11.34%. The ex-dividend date is Wednesday, May 1st.

Institutional Trading of First Trust/Abrdn Global Opportunity Income Fund

A number of hedge funds have recently made changes to their positions in FAM. Founders Financial Alliance LLC lifted its holdings in shares of First Trust/Abrdn Global Opportunity Income Fund by 18.6% during the 4th quarter. Founders Financial Alliance LLC now owns 18,334 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 2,881 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in First Trust/Abrdn Global Opportunity Income Fund in the third quarter worth $127,000. ORG Partners LLC purchased a new stake in First Trust/Abrdn Global Opportunity Income Fund during the first quarter valued at about $140,000. Shaker Financial Services LLC bought a new position in shares of First Trust/Abrdn Global Opportunity Income Fund during the third quarter valued at about $225,000. Finally, Raymond James & Associates increased its holdings in shares of First Trust/Abrdn Global Opportunity Income Fund by 76.5% in the third quarter. Raymond James & Associates now owns 43,119 shares of the financial services provider’s stock worth $246,000 after buying an additional 18,685 shares during the period.

About First Trust/Abrdn Global Opportunity Income Fund

(Get Free Report)

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

Recommended Stories

Receive News & Ratings for First Trust/Abrdn Global Opportunity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust/Abrdn Global Opportunity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.