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abrdn U.S. Closed-End Funds Announce Distribution Payment Details
ACCESSWIRE (Mon, 11-Mar 4:48 PM ET)
CORRECTION: abrdn U.S. Closed-End Funds Announce Distribution Payment Details
ACCESSWIRE (Tue, 13-Feb 9:40 PM ET)
abrdn U.S. Closed End Funds Announce Distribution Payment Details
ACCESSWIRE (Wed, 10-Jan 4:18 PM ET)
The Fund’s principal investment objective is to provide high current income by investing primarily in fixed income securities. As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective. For as long as the name of the Fund remains Aberdeen Global Income Fund, Inc., it shall be the policy of the Fund normally to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes, in debt securities. This 80% investment policy is a non-fundamental policy of the Fund and may be changed by the Board of Directors upon 60 days' prior written notice to stockholders. http://www.aberdeenfco.com/aam.nsf/usClosedFco/detail
Aberdeen Global Income trades on the AMEX stock market under the symbol FCO.
As of March 28, 2024, FCO stock price climbed to $5.43 with 57,321 million shares trading.
FCO has a beta of 0.43, meaning it tends to be less sensitive to market movements. FCO has a correlation of 0.03 to the broad based SPY ETF.
FCO has a market cap of $72.73 million. This is considered a Micro Cap stock.
In the last 3 years, FCO stock traded as high as $9.74 and as low as $4.30.
FCO has underperformed the market in the last year with a return of +26.2%, while the SPY ETF gained +33.6%. In the last 3 month period, FCO fell short of the market, returning -12.8%, while SPY returned +10.1%. However, in the most recent 2 weeks FCO has outperformed the stock market by returning +1.9%, while SPY returned +1.7%.
FCO support price is $5.32 and resistance is $5.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCO stock will trade within this expected range on the day.