Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Update

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 46,300 shares, a decrease of 20.2% from the January 31st total of 58,000 shares. Based on an average daily trading volume, of 158,200 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX stock traded up $0.09 on Wednesday, hitting $15.80. The company’s stock had a trading volume of 152,647 shares, compared to its average volume of 140,599. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $14.56 and a fifty-two week high of $17.55. The business has a 50 day simple moving average of $15.14.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 12.53%. The ex-dividend date of this dividend was Friday, February 21st.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FAX. EP Wealth Advisors LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 792.8% during the third 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 during the last quarter. Pathstone Holdings LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $13,626,000. Evergreen Capital Management LLC raised its stake 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 valued at $12,454,000 after acquiring an additional 48,415 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 16.3% during the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company’s stock worth $8,477,000 after purchasing an additional 80,530 shares during the period. Finally, Truffle Hound Capital LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth $7,360,000. 33.55% of the stock is owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Company Profile

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.