abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Sees Significant Growth in Short Interest

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 34,641 shares, an increase of 24.5% from the December 15th total of 27,819 shares. Based on an average trading volume of 186,615 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 186,615 shares, the short-interest ratio is presently 0.2 days.

abrdn Asia-Pacific Income Fund Price Performance

abrdn Asia-Pacific Income Fund stock traded up $0.09 during trading on Friday, reaching $15.43. The company had a trading volume of 534,708 shares, compared to its average volume of 210,074. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $15.81. abrdn Asia-Pacific Income Fund has a 52 week low of $13.99 and a 52 week high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shrier Wealth Management LLC bought a new stake in abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $657,000. TrueMark Investments LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the fourth quarter worth $340,000. Ameriprise Financial Inc. bought a new stake in shares of abrdn Asia-Pacific Income Fund during the 3rd quarter valued at $189,000. Fisher Asset Management LLC raised its position in shares of abrdn Asia-Pacific Income Fund by 32.8% during the 3rd quarter. Fisher Asset Management LLC now owns 15,616 shares of the investment management company’s stock valued at $254,000 after purchasing an additional 3,859 shares during the period. Finally, US Bancorp DE lifted its stake in shares of abrdn Asia-Pacific Income Fund by 111.0% during the 3rd quarter. US Bancorp DE now owns 63,814 shares of the investment management company’s stock valued at $1,040,000 after buying an additional 33,573 shares in the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Company Profile

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.