Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Sees Significant Decrease in Short Interest

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 54,000 shares, a decrease of 28.8% from the February 28th total of 75,800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 157,400 shares, the short-interest ratio is currently 0.3 days.

Abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX traded up $0.15 during midday trading on Tuesday, hitting $15.85. 110,994 shares of the company were exchanged, compared to its average volume of 149,084. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $14.56 and a fifty-two week high of $17.55. The stock has a fifty day moving average of $15.50.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in FAX. Golden State Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the 4th quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its stake in shares of Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock worth $58,000 after buying an additional 3,387 shares during the period. Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth about $162,000. Finally, Apollon Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $170,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

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.