First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) Short Interest Up 59.3% in April

First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM – Get Rating) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 41,900 shares, a growth of 59.3% from the April 15th total of 26,300 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is currently 0.9 days.

Several hedge funds have recently made changes to their positions in FAM. NewEdge Advisors LLC lifted its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 12.8% in the first quarter. NewEdge Advisors LLC now owns 168,109 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 19,100 shares during the period. Cetera Investment Advisers lifted its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 23.2% in the first quarter. Cetera Investment Advisers now owns 23,622 shares of the financial services provider’s stock valued at $176,000 after buying an additional 4,446 shares during the period. Founders Financial Alliance LLC acquired a new position in First Trust/Aberdeen Global Opportunity Income Fund in the first quarter valued at approximately $104,000. Landscape Capital Management L.L.C. acquired a new position in First Trust/Aberdeen Global Opportunity Income Fund in the first quarter valued at approximately $99,000. Finally, Fiera Capital Corp lifted its holdings in First Trust/Aberdeen Global Opportunity Income Fund by 56.4% in the first quarter. Fiera Capital Corp now owns 154,751 shares of the financial services provider’s stock valued at $1,156,000 after buying an additional 55,817 shares during the period.

Shares of FAM stock traded up $0.08 during trading hours on Friday, reaching $6.51. 8,369 shares of the company were exchanged, compared to its average volume of 44,804. First Trust/Aberdeen Global Opportunity Income Fund has a fifty-two week low of $6.37 and a fifty-two week high of $10.36. The stock’s fifty day moving average is $7.06 and its two-hundred day moving average is $8.58.

The business also recently announced a monthly dividend, which will be paid on Monday, May 16th. Stockholders of record on Tuesday, May 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Monday, May 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.06%.

First Trust/Aberdeen Global Opportunity Income Fund Company Profile (Get Rating)

First Trust/Aberdeen 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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