abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Update

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 96,532 shares, a decrease of 22.6% from the January 29th total of 124,664 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 165,582 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 165,582 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

abrdn Asia-Pacific Income Fund Trading Down 2.1%

Shares of NYSEAMERICAN FAX traded down $0.33 during midday trading on Tuesday, hitting $15.72. 184,103 shares of the stock traded hands, compared to its average volume of 168,052. abrdn Asia-Pacific Income Fund has a one year low of $13.99 and a one year high of $16.90. The business has a 50 day moving average price of $15.66 and a two-hundred day moving average price of $15.74.

abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 12.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. IFG Advisory LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $166,000. Jane Street Group LLC bought a new stake in abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $170,000. Corient Private Wealth LLC bought a new stake in abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $180,000. Fisher Asset Management LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the second quarter worth approximately $187,000. Finally, Ameriprise Financial Inc. bought a new position in shares of abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $189,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

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.