Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 46,300 shares, a drop of 20.2% from the January 31st total of 58,000 shares. Based on an average daily volume of 158,200 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Shaker Financial Services LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth $516,000. Centaurus Financial Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth $101,000. Garner Asset Management Corp lifted its stake in Abrdn Asia-Pacific Income Fund by 33.5% in the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company's stock worth $972,000 after acquiring an additional 14,009 shares during the period. Benjamin Edwards Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth $1,398,000. Finally, EP Wealth Advisors LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 792.8% in the third quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company's stock worth $18,231,000 after acquiring an additional 930,402 shares during the period. Institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Performance
Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.04 on Friday, hitting $15.83. The stock had a trading volume of 159,846 shares, compared to its average volume of 140,744. Abrdn Asia-Pacific Income Fund has a one year low of $14.56 and a one year high of $17.55. The firm has a 50-day moving average of $15.14.
Abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 12.51%. The ex-dividend date of this dividend was Friday, February 21st.
About Abrdn Asia-Pacific Income Fund
(
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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