Short Interest in Abrdn Japan Equity Fund Inc (NYSE:JEQ) Grows By 944.4%

Abrdn Japan Equity Fund Inc (NYSE:JEQGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 18,800 shares, an increase of 944.4% from the January 15th total of 1,800 shares. Based on an average daily trading volume, of 30,800 shares, the short-interest ratio is presently 0.6 days.

Abrdn Japan Equity Fund Stock Up 1.2 %

Shares of Abrdn Japan Equity Fund stock opened at $6.09 on Tuesday. The business has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $5.58. Abrdn Japan Equity Fund has a 12 month low of $4.99 and a 12 month high of $6.29.

Abrdn Japan Equity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Wednesday, February 21st. This is a boost from Abrdn Japan Equity Fund’s previous quarterly dividend of $0.10.

Institutional Trading of Abrdn Japan Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates acquired a new stake in Abrdn Japan Equity Fund during the second quarter valued at $730,000. Successful Portfolios LLC bought a new position in Abrdn Japan Equity Fund during the fourth quarter valued at about $458,000. Matisse Capital bought a new position in Abrdn Japan Equity Fund during the fourth quarter valued at about $332,000. Peapack Gladstone Financial Corp bought a new position in Abrdn Japan Equity Fund during the first quarter valued at about $161,000. Finally, Wolverine Asset Management LLC raised its holdings in Abrdn Japan Equity Fund by 239.1% during the fourth quarter. Wolverine Asset Management LLC now owns 34,383 shares of the company’s stock valued at $197,000 after buying an additional 24,244 shares in the last quarter. Institutional investors and hedge funds own 53.23% of the company’s stock.

About Abrdn Japan Equity Fund

(Get Free Report)

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.

Further Reading

Receive News & Ratings for Abrdn Japan Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abrdn Japan Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.