Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Up 162.2% in December

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Get Rating) was the recipient of a large growth in short interest in December. As of December 30th, there was short interest totalling 245,900 shares, a growth of 162.2% from the December 15th total of 93,800 shares. Based on an average trading volume of 1,125,900 shares, the days-to-cover ratio is presently 0.2 days.

Abrdn Asia-Pacific Income Fund Trading Down 0.4 %

Shares of NYSEAMERICAN:FAX opened at $2.82 on Friday. Abrdn Asia-Pacific Income Fund has a 12 month low of $2.26 and a 12 month high of $3.80.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 24th will be paid a dividend of $0.0275 per share. The ex-dividend date is Monday, January 23rd. This represents a $0.33 annualized dividend and a yield of 11.70%.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $920,000. IHT Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $27,000. Clearstead Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $42,000. Jane Street Group LLC increased its stake in Abrdn Asia-Pacific Income Fund by 39.4% in the third quarter. Jane Street Group LLC now owns 29,005 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 8,194 shares during the period. Finally, BNP Paribas Arbitrage SNC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $55,000. 23.94% of the stock is currently owned by institutional investors and hedge funds.

About Abrdn Asia-Pacific Income Fund

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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.