abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Down 48.9% in December

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 27,819 shares, a decline of 48.9% from the November 30th total of 54,460 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 187,050 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 187,050 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

A number of institutional investors have recently bought and sold shares of FAX. IFG Advisory LLC acquired a new position in abrdn Asia-Pacific Income Fund during the second quarter worth approximately $166,000. Jane Street Group LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the 1st quarter valued at $170,000. Fisher Asset Management LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund during the 2nd quarter worth $187,000. Ameriprise Financial Inc. acquired a new stake in shares of abrdn Asia-Pacific Income Fund during the 3rd quarter worth $189,000. Finally, Martin Capital Partners LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter worth $236,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Price Performance

Shares of FAX stock traded up $0.26 during mid-day trading on Friday, hitting $15.65. 355,221 shares of the company’s stock were exchanged, compared to its average volume of 158,135. abrdn Asia-Pacific Income Fund has a fifty-two week low of $13.99 and a fifty-two week high of $16.90. The stock has a 50-day simple moving average of $15.35 and a two-hundred day simple moving average of $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

About abrdn Asia-Pacific Income Fund

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.