abrdn Income Credit Strategies Fund closed at $4.41 on Sep 28, down 1.56%, within 0.0% of its 52-week closing low. Volume of 1.1M shares was 1.08× its 20-day average (close to normal).
Split-adjusted performance: -12.7% over one month, -12.2% over six months, -24.1% over one year.
Short interest was 193.0K shares at the Sep 15 settlement, down 40.4% from the prior report (1.0 days to cover).
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Quick answers
What does abrdn Income Credit Strategies Fund do?
abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation.
What is ACP's market cap?
$553.33M, based on the Sep 28 close of $4.41.
Does abrdn Income Credit Strategies Fund pay a dividend?
Yes. The latest regular dividend was $0.055 per share (ex-date Sep 22), an annualised yield of 14.97%.
About abrdn Income Credit Strategies Fund
abrdn Income Credit Strategies Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It predominantly invests in debt and loan instruments of issues that operate in a variety of industries and geographic regions.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology
