Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Update

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, a drop of 20.2% from the January 31st total of 58,000 shares. Based on an average trading volume of 158,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Several hedge funds have recently added to or reduced their stakes in FAX. Golden State Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its holdings in Abrdn Asia-Pacific Income Fund by 641.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock worth $58,000 after buying an additional 3,387 shares during the period. Centaurus Financial Inc. bought a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $101,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $162,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX traded up $0.09 during trading on Wednesday, reaching $15.80. 152,647 shares of the stock traded hands, compared to its average volume of 140,599. The firm’s 50-day moving average is $15.14. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.53%. The ex-dividend date of this dividend was Friday, February 21st.

About Abrdn Asia-Pacific Income Fund

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.