Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Down 57.6% in September

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 82,500 shares, a drop of 57.6% from the September 15th total of 194,800 shares. Based on an average daily volume of 155,200 shares, the days-to-cover ratio is presently 0.5 days.

Abrdn Asia-Pacific Income Fund Stock Down 0.6 %

FAX stock traded down $0.10 on Friday, reaching $16.92. 112,767 shares of the company were exchanged, compared to its average volume of 140,988. Abrdn Asia-Pacific Income Fund has a 12 month low of $13.98 and a 12 month high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 11.70%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Koshinski Asset Management Inc. bought a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $30,000. CreativeOne Wealth LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $38,000. AE Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $54,000. ORG Partners LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $81,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 9,885 shares in the last quarter. Institutional investors 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.