Abrdn Japan Equity Fund Inc (NYSE:JEQ – Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 45,300 shares, an increase of 27.2% from the February 13th total of 35,600 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the shares of the stock are short sold.
Abrdn Japan Equity Fund Trading Up 3.0 %
JEQ traded up $0.20 during trading on Monday, hitting $6.65. The company’s stock had a trading volume of 207,345 shares, compared to its average volume of 49,372. The firm’s 50 day moving average price is $5.87 and its 200-day moving average price is $5.92. Abrdn Japan Equity Fund has a twelve month low of $5.27 and a twelve month high of $6.69.
Abrdn Japan Equity Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be issued a $0.11 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.44 annualized dividend and a yield of 6.62%.
Institutional Trading of Abrdn Japan Equity Fund
Abrdn Japan Equity Fund Company Profile
Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.
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