Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAF) Short Interest Update

Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 41,700 shares, a growth of 379.3% from the October 31st total of 8,700 shares. Based on an average daily volume of 73,100 shares, the short-interest ratio is currently 0.6 days.

NYSEAMERICAN:IAF opened at $6.06 on Friday. Aberdeen Australia Equity Fund has a twelve month low of $4.90 and a twelve month high of $6.66.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 11th. Shareholders of record on Friday, November 19th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 18th. This represents a $0.64 annualized dividend and a dividend yield of 10.56%.

Large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new position in shares of Aberdeen Australia Equity Fund during the 3rd quarter valued at about $73,000. Wolverine Asset Management LLC bought a new position in shares of Aberdeen Australia Equity Fund during the 3rd quarter valued at about $78,000. Stratos Wealth Partners LTD. bought a new position in shares of Aberdeen Australia Equity Fund during the 2nd quarter valued at about $81,000. Avidian Wealth Solutions LLC bought a new position in shares of Aberdeen Australia Equity Fund during the 2nd quarter valued at about $90,000. Finally, UBS Group AG increased its position in shares of Aberdeen Australia Equity Fund by 623.3% during the 3rd quarter. UBS Group AG now owns 16,810 shares of the company’s stock valued at $99,000 after purchasing an additional 14,486 shares during the last quarter.

About Aberdeen Australia Equity Fund

Aberdeen Australia Equity Fund, Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.

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