abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Shares Shorted: Short Interest Down 78.7% in September

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 51,738 shares, a decline of 78.7% from the September 15th total of 242,796 shares. Based on an average daily volume of 227,620 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

abrdn Asia-Pacific Income Fund Price Performance

FAX traded down $0.12 during mid-day trading on Tuesday, reaching $12.73. 41,846 shares of the company traded hands, compared to its average volume of 183,335. abrdn Asia-Pacific Income Fund has a 52-week low of $12.60 and a 52-week high of $16.37. The company’s fifty day moving average price is $14.05 and its 200-day moving average price is $14.43.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Friday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FAX. TD Waterhouse Canada Inc. purchased a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter worth approximately $43,000. CoreCap Advisors LLC bought a new stake in abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $77,000. Maridea Wealth Management LLC purchased a new stake in abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $217,000. Yakira Capital Management Inc. purchased a new stake in abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $286,000. Finally, Nwam LLC increased its holdings in abrdn Asia-Pacific Income Fund by 10.5% during the first quarter. Nwam LLC now owns 29,522 shares of the investment management company’s stock valued at $426,000 after buying an additional 2,795 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

About abrdn Asia-Pacific Income Fund

abrdn Asia-Pacific Income Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol FAX. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in fixed-income securities issued by governments, government-related entities and companies in the Asia-Pacific region.

The fund’s portfolio may include sovereign and corporate bonds, notes and other debt instruments denominated in local or foreign currencies. Its investment exposure can span developed and emerging markets across Asia and the Pacific, including countries such as Australia, China, India, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.