Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Up 63.7% in February

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Free Report) saw a large increase in short interest in 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 days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new stake in Abrdn Asia-Pacific Income Fund during the third quarter worth approximately $101,000. Garner Asset Management Corp raised its holdings in Abrdn Asia-Pacific Income Fund by 33.5% during the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock worth $972,000 after purchasing an additional 14,009 shares in the last quarter. 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 increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 792.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock valued at $18,231,000 after acquiring an additional 930,402 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Abrdn Asia-Pacific Income Fund stock remained flat at $15.72 during midday trading on Friday. 85,700 shares of the company traded hands, compared to its average volume of 138,927. Abrdn Asia-Pacific Income Fund has a 52-week low of $14.56 and a 52-week high of $17.55. The firm has a fifty day moving average of $15.22.

Abrdn Asia-Pacific Income Fund Dividend Announcement

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

About Abrdn Asia-Pacific Income Fund

(Get Free Report)

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.

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