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

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

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.03 during trading hours on Friday, reaching $15.25. The stock had a trading volume of 162,869 shares, compared to its average volume of 169,370. 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 firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $55,000. Centaurus Financial Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at $101,000. AE Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $54,000. Shaker Financial Services LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the 3rd quarter worth $516,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd 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 in the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

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.