Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 74,000 shares, a drop of 10.3% from the September 30th total of 82,500 shares. Based on an average daily volume of 135,100 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Abrdn Asia-Pacific Income Fund
Several large investors have recently made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new stake in Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $30,000. CreativeOne Wealth LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the 1st quarter worth $38,000. AE Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $54,000. ORG Partners LLC bought a new position in Abrdn Asia-Pacific Income Fund in the first quarter valued at about $81,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company's stock valued at $103,000 after purchasing an additional 9,885 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Stock Up 1.0 %
Shares of FAX traded up $0.17 during mid-day trading on Wednesday, hitting $16.47. 128,516 shares of the company's stock were exchanged, compared to its average volume of 140,405. Abrdn Asia-Pacific Income Fund has a 52 week low of $14.23 and a 52 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 Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.02%. The ex-dividend date is Thursday, October 24th.
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.
Featured Stories
Before you consider Abrdn Asia-Pacific Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Asia-Pacific Income Fund wasn't on the list.
While Abrdn Asia-Pacific Income Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
