Short Interest in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Grows By 63.7%

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 75,800 shares, an increase of 63.7% from the February 13th total of 46,300 shares. Based on an average daily trading volume, of 154,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 792.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock worth $18,231,000 after purchasing an additional 930,402 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $13,626,000. Evergreen Capital Management LLC increased its position in shares of Abrdn Asia-Pacific Income Fund by 6.1% during the fourth quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company’s stock worth $12,454,000 after acquiring an additional 48,415 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 16.3% in the 4th quarter. Invesco Ltd. now owns 575,869 shares of the investment management company’s stock worth $8,477,000 after acquiring an additional 80,530 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $7,360,000. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $15.72 on Monday. The company has a 50-day moving average of $15.22. Abrdn Asia-Pacific Income Fund has a 12 month low of $14.56 and a 12 month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm 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. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.60%. The ex-dividend date is Tuesday, March 25th.

About Abrdn Asia-Pacific Income Fund

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.