abrdn Income Credit Strategies Fund closed at $4.25 on Nov 12, down 1.39%, within 2.7% of its 52-week closing low. Volume of 635.7K shares was 0.64× its 20-day average (below normal).
Split-adjusted performance: -0.2% over one month, -21.0% over six months, -22.9% over one year.
Short interest was 364.2K shares at the Oct 30 settlement, up 57.8% 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?
$533.25M, based on the Nov 12 close of $4.25.
Does abrdn Income Credit Strategies Fund pay a dividend?
Yes. The latest regular dividend was $0.055 per share (ex-date Oct 23), an annualised yield of 15.53%.
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
