Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Update

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of 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 currently 0.3 days. Currently, 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 on Monday, reaching $15.70. 271,262 shares of the stock were exchanged, compared to its average volume of 149,031. The company’s fifty day moving average is $15.50. Abrdn Asia-Pacific Income Fund has a twelve month low of $14.56 and a twelve month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.98 annualized dividend and a dividend yield of 12.61%.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in Abrdn Asia-Pacific Income Fund during the third quarter worth about $55,000. Tower Research Capital LLC TRC lifted its stake in Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock worth $58,000 after purchasing an additional 3,387 shares during the period. Calamos Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $162,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $170,000. Institutional investors own 33.55% of the company’s stock.

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.