Short Interest in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Drops By 57.9%

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 40,500 shares, a decline of 57.9% from the October 31st total of 96,200 shares. Based on an average daily volume of 148,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Several institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC lifted its stake 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 during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock worth $12,125,000 after acquiring an additional 293,929 shares during the last quarter. Matisse Capital purchased a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $753,000. Cetera Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $516,000. Finally, PFG Investments LLC increased its stake in Abrdn Asia-Pacific Income Fund by 43.6% in the second quarter. PFG Investments LLC now owns 357,157 shares of the investment management company’s stock worth $957,000 after purchasing an additional 108,402 shares during the period. 33.55% of the stock is owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock traded up $0.04 during trading hours on Thursday, reaching $15.76. The company’s stock had a trading volume of 259,504 shares, compared to its average volume of 142,962. Abrdn Asia-Pacific Income Fund has a one year low of $14.88 and a one year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.98 annualized dividend and a yield of 12.56%.

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.