Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a large increase in short interest in the month of September. As of September 14th, there was short interest totalling 131,256 shares, an increase of 163.8% from the August 31st total of 49,759 shares. Based on an average trading volume of 899,046 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NYSEAMERICAN FAX opened at $4.10 on Thursday. Aberdeen Asia-Pacific Income Fund has a 52-week low of $4.08 and a 52-week high of $5.18.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Monday, September 24th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 10.24%. The ex-dividend date is Friday, September 21st.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in Aberdeen Asia-Pacific Income Fund by 0.3% in the 1st quarter. Wells Fargo & Company MN now owns 4,448,591 shares of the investment management company’s stock valued at $21,087,000 after acquiring an additional 13,451 shares during the period. LPL Financial LLC increased its position in Aberdeen Asia-Pacific Income Fund by 1.2% in the 1st quarter. LPL Financial LLC now owns 1,178,676 shares of the investment management company’s stock valued at $5,587,000 after acquiring an additional 14,329 shares during the period. Baird Financial Group Inc. increased its position in Aberdeen Asia-Pacific Income Fund by 38.4% in the 1st quarter. Baird Financial Group Inc. now owns 55,649 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 15,435 shares during the period. Cahill Financial Advisors Inc. increased its position in Aberdeen Asia-Pacific Income Fund by 20.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 136,832 shares of the investment management company’s stock valued at $592,000 after acquiring an additional 23,225 shares during the period. Finally, Trust Department MB Financial Bank N A acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund during the second quarter worth $125,000.

Aberdeen Asia-Pacific Income Fund Company Profile

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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