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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 32,100 shares, a growth of 55.8% from the December 15th total of 20,600 shares. Based on an average daily trading volume, of 166,900 shares, the days-to-cover ratio is currently 0.2 days.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of FAX traded down $0.03 during midday trading on Friday, reaching $15.25. The stock had a trading volume of 162,869 shares, compared to its average volume of 169,370. Abrdn Asia-Pacific Income Fund has a one year low of $14.56 and a one year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 12.98%. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter valued at $142,000. Shaker Financial Services LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth about $516,000. Evergreen Capital Management LLC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock worth $12,125,000 after buying an additional 293,929 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after buying an additional 9,885 shares during the last quarter. Finally, Creekside Partners bought a new position in Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at about $154,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

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.