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%.
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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