First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM – Get Free Report) 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
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.
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