Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 114,500 shares, a decline of 64.5% from the February 13th total of 322,200 shares. Based on an average daily trading volume, of 959,600 shares, the days-to-cover ratio is presently 0.1 days.
Abrdn Income Credit Strategies Fund Trading Down 0.1 %
NYSE:ACP traded down $0.01 during mid-day trading on Friday, reaching $5.93. The stock had a trading volume of 737,850 shares, compared to its average volume of 644,864. The business’s 50 day moving average is $6.06 and its 200 day moving average is $6.28. Abrdn Income Credit Strategies Fund has a fifty-two week low of $5.81 and a fifty-two week high of $7.05.
Abrdn Income Credit Strategies Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.0775 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.93 annualized dividend and a dividend yield of 15.70%.
Institutional Inflows and Outflows
About Abrdn Income Credit Strategies Fund
Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
Featured Articles
- Five stocks we like better than Abrdn Income Credit Strategies Fund
- What is Short Interest? How to Use It
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Short Selling – The Pros and Cons
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- With Risk Tolerance, One Size Does Not Fit All
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Abrdn Income Credit Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abrdn Income Credit Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.