Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Short Interest Down 47.6% in January

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAFGet Free Report) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 6,600 shares, a decrease of 47.6% from the January 15th total of 12,600 shares. Based on an average trading volume of 72,900 shares, the days-to-cover ratio is currently 0.1 days.

Abrdn Australia Equity Fund Stock Up 0.6 %

Shares of NYSEAMERICAN IAF opened at $4.31 on Tuesday. Abrdn Australia Equity Fund has a 1-year low of $3.60 and a 1-year high of $5.15.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Abrdn Australia Equity Fund by 31.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,709,101 shares of the company’s stock valued at $7,400,000 after purchasing an additional 409,247 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Abrdn Australia Equity Fund by 9.5% in the third quarter. 1607 Capital Partners LLC now owns 1,486,852 shares of the company’s stock worth $5,873,000 after buying an additional 128,703 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Abrdn Australia Equity Fund by 30.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 552,418 shares of the company’s stock valued at $2,182,000 after acquiring an additional 128,758 shares during the last quarter. Morgan Stanley boosted its holdings in Abrdn Australia Equity Fund by 15.4% during the 4th quarter. Morgan Stanley now owns 120,403 shares of the company’s stock valued at $529,000 after acquiring an additional 16,064 shares during the period. Finally, Osaic Holdings Inc. grew its position in Abrdn Australia Equity Fund by 6.6% during the 2nd quarter. Osaic Holdings Inc. now owns 110,452 shares of the company’s stock worth $453,000 after acquiring an additional 6,873 shares during the last quarter.

Abrdn Australia Equity Fund Company Profile

(Get Free Report)

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.

Further Reading

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