Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Up 55.8% in December

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 32,100 shares, a growth of 55.8% from the December 15th total of 20,600 shares. Based on an average daily trading volume, of 166,900 shares, the short-interest ratio is presently 0.2 days.

Abrdn Asia-Pacific Income Fund Stock Down 0.2 %

Shares of NYSEAMERICAN:FAX traded down $0.03 during midday trading on Friday, hitting $15.25. The stock had a trading volume of 162,869 shares, compared to its average volume of 169,370. Abrdn Asia-Pacific Income Fund has a 1 year low of $14.56 and a 1 year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.98%.

Institutional Trading of Abrdn Asia-Pacific Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the second quarter valued at $142,000. Shaker Financial Services LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth $516,000. Evergreen Capital Management LLC lifted its position in shares of Abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after acquiring an additional 293,929 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 9,885 shares during the last quarter. Finally, Creekside Partners purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter worth about $154,000. Hedge funds and other 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.