Abrdn Income Credit Strategies Fund (NYSE:ACP) Stock Short Interest Jumps 112.8%

Posted by Stanley Muller on Nov 1st, 2026

Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 230,747 shares, an increase of 112.8% from the September 30th total of 108,412 shares. Based on an average daily trading volume, of 986,262 shares, the days-to-cover ratio is currently 0.2 days.

Abrdn Income Credit Strategies Fund Stock Performance

NYSE:ACP traded down $0.03 during trading hours on Friday, hitting $4.27. The company’s stock had a trading volume of 1,052,715 shares, compared to its average volume of 638,299. Abrdn Income Credit Strategies Fund has a 52-week low of $4.12 and a 52-week high of $5.76. The stock has a fifty day moving average of $4.59 and a 200-day moving average of $5.14.

Abrdn Income Credit Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were issued a $0.0550 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date of this dividend was Friday, October 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in Abrdn Income Credit Strategies Fund by 7.5% in the 1st quarter. International Assets Investment Management LLC now owns 958,833 shares of the investment management company’s stock valued at $4,900,000 after acquiring an additional 66,708 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of Abrdn Income Credit Strategies Fund in the first quarter worth approximately $2,462,000. Shaker Financial Services LLC grew its holdings in Abrdn Income Credit Strategies Fund by 16.6% in the third quarter. Shaker Financial Services LLC now owns 514,675 shares of the investment management company’s stock valued at $2,290,000 after purchasing an additional 73,408 shares during the period. NewEdge Advisors LLC grew its holdings in Abrdn Income Credit Strategies Fund by 5.7% in the second quarter. NewEdge Advisors LLC now owns 199,777 shares of the investment management company’s stock valued at $1,039,000 after purchasing an additional 10,805 shares during the period. Finally, Arlington Capital Management Inc. grew its holdings in Abrdn Income Credit Strategies Fund by 7.1% in the second quarter. Arlington Capital Management Inc. now owns 173,445 shares of the investment management company’s stock valued at $902,000 after purchasing an additional 11,534 shares during the period.

Abrdn Income Credit Strategies Fund Company Profile

(Get Free Report)

abrdn Income Credit Strategies Fund (NYSE: ACP) is a non-diversified, closed-end investment fund managed by abrdn Inc The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation, by investing primarily in credit-related fixed-income securities.

The fund invests across global credit markets and may hold floating-rate loans, high-yield corporate bonds, investment-grade debt, structured credit instruments and other debt securities. Its portfolio may include below-investment-grade securities, commonly known as high-yield or “junk” bonds, and the fund may use leverage as part of its investment strategy.