Short Interest in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Grows By 59.6%

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 154,023 shares, an increase of 59.6% from the February 12th total of 96,532 shares. Based on an average trading volume of 199,507 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 199,507 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC boosted its position in abrdn Asia-Pacific Income Fund by 3.8% during the third quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock worth $18,400,000 after purchasing an additional 41,402 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of abrdn Asia-Pacific Income Fund by 3.8% during the 4th quarter. Evergreen Capital Management LLC now owns 896,662 shares of the investment management company’s stock worth $13,900,000 after buying an additional 33,158 shares during the period. Truffle Hound Capital LLC raised its stake in shares of abrdn Asia-Pacific Income Fund by 20.0% during the 2nd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock worth $9,552,000 after buying an additional 100,000 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $8,659,000. Finally, Invesco Ltd. grew its stake in abrdn Asia-Pacific Income Fund by 20.5% in the 4th quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock valued at $7,563,000 after acquiring an additional 83,892 shares during the period. 33.55% of the stock is owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX traded up $0.06 during mid-day trading on Friday, hitting $15.32. The stock had a trading volume of 309,594 shares, compared to its average volume of 192,845. The company has a 50 day moving average of $15.63 and a two-hundred day moving average of $15.69. abrdn Asia-Pacific Income Fund has a twelve month low of $13.99 and a twelve month high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date is Tuesday, March 24th.

About abrdn Asia-Pacific Income Fund

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.