Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Down 20.2% in February

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 46,300 shares, a decline of 20.2% from the January 31st total of 58,000 shares. Based on an average daily volume of 158,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Institutional investors have recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter worth $170,000. Shaker Financial Services LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $516,000. Mezzasalma Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter worth $361,000. Benjamin Edwards Inc. bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $1,398,000. Finally, Centaurus Financial Inc. bought a new position in Abrdn Asia-Pacific Income Fund during the third quarter valued at about $101,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX remained flat at $15.71 during trading on Tuesday. 90,662 shares of the stock traded hands, compared to its average volume of 140,306. Abrdn Asia-Pacific Income Fund has a 12-month low of $14.56 and a 12-month high of $17.55. The company’s 50 day simple moving average is $15.14.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.165 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.98 annualized dividend and a dividend yield of 12.60%.

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.