Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 96,200 shares, an increase of 30.0% from the October 15th total of 74,000 shares. Based on an average daily volume of 134,900 shares, the days-to-cover ratio is presently 0.7 days.
Abrdn Asia-Pacific Income Fund Stock Performance
Shares of FAX traded down $0.02 on Friday, reaching $15.88. 120,861 shares of the stock traded hands, compared to its average volume of 141,001. Abrdn Asia-Pacific Income Fund has a 12 month low of $14.88 and a 12 month high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 12.47%. The ex-dividend date is Thursday, November 21st.
Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund
Several large investors have recently made changes to their positions in the company. EP Wealth Advisors LLC lifted its position in Abrdn Asia-Pacific Income Fund by 792.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company's stock worth $18,231,000 after buying an additional 930,402 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company's stock valued at $12,125,000 after purchasing an additional 293,929 shares during the last quarter. Matisse Capital bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $753,000. Cetera Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $516,000. Finally, PFG Investments LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 43.6% during the 2nd quarter. PFG Investments LLC now owns 357,157 shares of the investment management company's stock worth $957,000 after buying an additional 108,402 shares in the last quarter. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Company Profile
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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.
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