Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 75,800 shares, an increase of 63.7% from the February 13th total of 46,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 154,800 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 930,402 shares in the last quarter. Pathstone Holdings LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $13,626,000. Evergreen Capital Management LLC boosted its holdings in Abrdn Asia-Pacific Income Fund by 6.1% in the fourth quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company's stock valued at $12,454,000 after purchasing an additional 48,415 shares in the last quarter. Invesco Ltd. increased its stake in Abrdn Asia-Pacific Income Fund by 16.3% in the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company's stock valued at $8,477,000 after purchasing an additional 80,530 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $7,360,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
FAX stock traded up $0.17 during mid-day trading on Wednesday, reaching $16.08. The company had a trading volume of 194,831 shares, compared to its average volume of 146,288. The company has a fifty day moving average of $15.27. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.
Abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.98 annualized dividend and a yield of 12.31%.
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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