Press coverage about Aberdeen Income Credit Strategies Fund (NYSE:ACP) has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aberdeen Income Credit Strategies Fund earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 44.3318517104866 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Aberdeen Income Credit Strategies Fund (NYSE ACP) traded down $0.14 during midday trading on Friday, reaching $13.94. The company’s stock had a trading volume of 108,325 shares, compared to its average volume of 75,537. Aberdeen Income Credit Strategies Fund has a 12 month low of $13.27 and a 12 month high of $14.93.
In other Aberdeen Income Credit Strategies Fund news, Director John P. Sievwright bought 5,000 shares of Aberdeen Income Credit Strategies Fund stock in a transaction dated Friday, January 12th. The shares were acquired at an average cost of $14.39 per share, with a total value of $71,950.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
About Aberdeen Income Credit Strategies Fund
Aberdeen Income Credit Strategies Fund ( The Fund), formerly Avenue Income Credit Strategies Fund, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a range of industries and geographic regions.
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