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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 75,800 shares, a growth of 63.7% from the February 13th total of 46,300 shares. Based on an average daily volume of 154,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FAX. Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $170,000. Mezzasalma Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $361,000. Benjamin Edwards Inc. bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at approximately $1,398,000. Centaurus Financial Inc. bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at approximately $101,000. Finally, Calamos Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $162,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN:FAX opened at $15.72 on Friday. The firm has a 50 day moving average price of $15.22. Abrdn Asia-Pacific Income Fund has a 12 month low of $14.56 and a 12 month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be given a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 12.60%. The ex-dividend date is Tuesday, March 25th.

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.