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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 305,300 shares, a growth of 124.3% from the June 30th total of 136,100 shares. Based on an average trading volume of 891,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pekin Hardy Strauss Inc. boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 41.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company’s stock valued at $523,000 after buying an additional 56,365 shares during the period. MB Generational Wealth LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $56,000. Sar Wealth Management Group LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $31,000. International Assets Investment Management LLC lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 19.0% in the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after purchasing an additional 35,477 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter worth approximately $697,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock remained flat at $2.76 during trading on Friday. 475,058 shares of the stock were exchanged, compared to its average volume of 852,508. Abrdn Asia-Pacific Income Fund has a 1-year low of $2.33 and a 1-year high of $2.86.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.0275 per share. This represents a $0.33 annualized dividend and a yield of 11.96%. The ex-dividend date is Wednesday, July 24th.

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.