abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Sees Large Decrease in Short Interest

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

abrdn Asia-Pacific Income Fund Stock Up 1.7%

abrdn Asia-Pacific Income Fund stock traded up $0.26 during midday trading on Friday, hitting $15.65. The stock had a trading volume of 355,221 shares, compared to its average volume of 169,917. The business has a fifty day moving average price of $15.35 and a 200 day moving average price of $15.86. abrdn Asia-Pacific Income Fund has a 12 month low of $13.99 and a 12 month high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

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

Institutional Inflows and Outflows

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

abrdn Asia-Pacific Income Fund Company Profile

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.