Short Interest in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Increases By 55.8%

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 32,100 shares, an increase of 55.8% from the December 15th total of 20,600 shares. Based on an average daily volume of 166,900 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Several hedge funds have recently made changes to their positions in FAX. Wilmington Savings Fund Society FSB purchased a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $55,000. Centaurus Financial Inc. acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $101,000. AE Wealth Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the second quarter valued at about $54,000. Shaker Financial Services LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter worth about $516,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after buying an additional 9,885 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Down 0.3 %

Shares of NYSEAMERICAN:FAX traded down $0.05 on Friday, hitting $15.23. 115,414 shares of the company’s stock were exchanged, compared to its average volume of 164,086. Abrdn Asia-Pacific Income Fund has a 1-year low of $14.56 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.98 annualized dividend and a yield of 13.00%.

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.