Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,760,000 shares, a growth of 39.7% from the May 31st total of 1,260,000 shares. Based on an average daily volume of 342,000 shares, the days-to-cover ratio is currently 5.1 days.
Abrdn Income Credit Strategies Fund Trading Down 1.0 %
Shares of NYSE ACP traded down $0.07 during mid-day trading on Monday, reaching $6.72. 488,055 shares of the company’s stock were exchanged, compared to its average volume of 341,126. The firm has a 50-day moving average price of $6.73 and a two-hundred day moving average price of $6.78. Abrdn Income Credit Strategies Fund has a 52 week low of $5.55 and a 52 week high of $7.17.
Abrdn Income Credit Strategies Fund Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 17.87%. The ex-dividend date was Friday, June 21st.
Institutional Inflows and Outflows
Abrdn Income Credit Strategies Fund Company Profile
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.
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