First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Short Interest Update

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 35,600 shares, a growth of 13.7% from the June 30th total of 31,300 shares. Based on an average trading volume of 26,800 shares, the short-interest ratio is currently 1.3 days.

First Trust/Abrdn Global Opportunity Income Fund Stock Performance

NYSE FAM traded up $0.02 during trading hours on Wednesday, hitting $6.44. 32,098 shares of the company traded hands, compared to its average volume of 28,581. The business’s 50-day moving average is $6.39 and its 200-day moving average is $6.38. First Trust/Abrdn Global Opportunity Income Fund has a twelve month low of $5.38 and a twelve month high of $6.67.

First Trust/Abrdn Global Opportunity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.72 annualized dividend and a yield of 11.18%.

Institutional Investors Weigh In On First Trust/Abrdn Global Opportunity Income Fund

Large investors have recently bought and sold shares of the company. Karpus Management Inc. increased its stake in First Trust/Abrdn Global Opportunity Income Fund by 7.3% in the fourth quarter. Karpus Management Inc. now owns 1,452,564 shares of the financial services provider’s stock valued at $9,137,000 after acquiring an additional 99,148 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in First Trust/Abrdn Global Opportunity Income Fund by 25.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 198,414 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 40,203 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 170.3% during the 1st quarter. Cetera Advisors LLC now owns 43,250 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 27,251 shares in the last quarter. ORG Partners LLC acquired a new position in shares of First Trust/Abrdn Global Opportunity Income Fund during the 1st quarter valued at $140,000. Finally, Raymond James & Associates grew its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 28.3% in the 4th quarter. Raymond James & Associates now owns 55,334 shares of the financial services provider’s stock valued at $348,000 after buying an additional 12,215 shares during the period.

First Trust/Abrdn Global Opportunity Income Fund Company Profile

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.