Saba Capital Administration, L.P., a big shareholder in abrdn International Infrastructure Earnings Fund (NYSE:ASGI), reported the sale of shares valued at roughly $1.38 million. The transactions occurred over two days, with 41,476 shares bought on November 19 at $19.69 per share and a further 28,478 shares bought on November 20 at $19.71 per share. Following these gross sales, Saba Capital Administration holds 2,856,676 shares of the fund. The transactions have been disclosed in a latest SEC submitting.
InvestingPro Insights
Whereas Saba Capital Administration has lowered its place in abrdn International Infrastructure Earnings Fund (NYSE:ASGI), particular person traders may discover the fund’s present metrics intriguing. In keeping with InvestingPro knowledge, ASGI boasts a considerable dividend yield of 12.88% for 2024, with its most up-to-date ex-dividend date on November 21, 2024. This aligns with one of many InvestingPro Suggestions, which notes that ASGI “pays a significant dividend to shareholders.”
The fund’s market capitalization stands at $572.23 million, and it is buying and selling at a P/E ratio of 14.58, which can be thought of enticing by some traders. Furthermore, ASGI has demonstrated robust efficiency, with a year-to-date value complete return of 21.67% and a one-year value complete return of 29.87% as of the most recent knowledge.
One other InvestingPro Tip highlights that ASGI is presently “trading near its 52-week high,” which is supported by the information displaying the worth is at 96.46% of its 52-week excessive. This might point out optimistic investor sentiment in direction of the fund.
For traders looking for extra complete evaluation, InvestingPro gives extra ideas and insights past what’s talked about right here. In actual fact, there are 5 extra InvestingPro Suggestions accessible for ASGI, which may present helpful context for these contemplating an funding on this infrastructure earnings fund.
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