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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 75,800 shares, an increase of 63.7% from the February 13th total of 46,300 shares. Based on an average daily trading volume, of 154,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 3,387 shares in the last quarter. Centaurus Financial Inc. bought a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $101,000. Finally, Calamos Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $162,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $15.72 on Monday. Abrdn Asia-Pacific Income Fund has a 12 month low of $14.56 and a 12 month high of $17.55. The business’s 50 day simple moving average is $15.22.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $1.98 annualized dividend and a dividend yield of 12.60%.

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.