Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 13,800 shares, a decline of 8.0% from the September 30th total of 15,000 shares. Based on an average daily trading volume, of 57,900 shares, the days-to-cover ratio is currently 0.2 days.
Abrdn Australia Equity Fund Price Performance
Abrdn Australia Equity Fund stock traded down $0.05 on Thursday, reaching $4.39. The company’s stock had a trading volume of 115,187 shares, compared to its average volume of 64,794. Abrdn Australia Equity Fund has a twelve month low of $3.61 and a twelve month high of $4.75.
Abrdn Australia Equity Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 23rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 10.93%. The ex-dividend date was Friday, August 23rd.
Hedge Funds Weigh In On Abrdn Australia Equity Fund
About Abrdn Australia Equity Fund
Abrdn 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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