Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Up 124.2% in May

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 110,100 shares, a growth of 124.2% from the April 30th total of 49,100 shares. Based on an average daily volume of 809,700 shares, the short-interest ratio is currently 0.1 days.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $2.61 on Friday. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $2.33 and a fifty-two week high of $2.84.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.67%. The ex-dividend date is Wednesday, May 22nd.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors have recently made changes to their positions in the company. Ironsides Asset Advisors LLC grew its holdings in shares of Abrdn Asia-Pacific Income Fund by 9.6% during the first quarter. Ironsides Asset Advisors LLC now owns 80,862 shares of the investment management company’s stock valued at $226,000 after buying an additional 7,075 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Abrdn Asia-Pacific Income Fund by 4.0% in the first quarter. J.W. Cole Advisors Inc. now owns 183,748 shares of the investment management company’s stock worth $514,000 after purchasing an additional 7,085 shares during the last quarter. Garner Asset Management Corp boosted its holdings in Abrdn Asia-Pacific Income Fund by 26.1% in the first quarter. Garner Asset Management Corp now owns 43,075 shares of the investment management company’s stock worth $121,000 after purchasing an additional 8,925 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Abrdn Asia-Pacific Income Fund by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company’s stock worth $303,000 after purchasing an additional 9,766 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Company Profile

(Get Free Report)

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.

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