Short Interest in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Decreases By 28.8%

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 54,000 shares, a decline of 28.8% from the February 28th total of 75,800 shares. Based on an average daily trading volume, of 157,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Abrdn Asia-Pacific Income Fund Price Performance

Abrdn Asia-Pacific Income Fund stock traded up $0.03 during mid-day trading on Friday, reaching $15.67. The company had a trading volume of 135,425 shares, compared to its average volume of 148,542. The stock’s 50 day simple moving average is $15.48. Abrdn Asia-Pacific Income Fund has a 52 week low of $14.56 and a 52 week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced 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. This represents a $1.98 annualized dividend and a dividend yield of 12.64%. The ex-dividend date is Tuesday, March 25th.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $1,398,000. EP Wealth Advisors LLC raised its position in Abrdn Asia-Pacific Income Fund by 792.8% in the third quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock worth $18,231,000 after purchasing an additional 930,402 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Abrdn Asia-Pacific Income Fund during the third quarter worth about $55,000. PFG Investments LLC boosted its holdings in Abrdn Asia-Pacific Income Fund by 2.1% during the fourth quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $162,000. 33.55% of the stock is owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Company Profile

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.