Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Sees Significant Decrease in Short Interest

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 54,000 shares, a drop of 28.8% from the February 28th total of 75,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 157,400 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 2.1% in the fourth quarter. PFG Investments LLC now owns 54,815 shares of the investment management company's stock worth $807,000 after buying an additional 1,137 shares during the period. Stifel Financial Corp grew its stake in Abrdn Asia-Pacific Income Fund by 1.8% during the 4th quarter. Stifel Financial Corp now owns 83,317 shares of the investment management company's stock valued at $1,226,000 after acquiring an additional 1,485 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock worth $58,000 after purchasing an additional 3,387 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

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Abrdn Asia-Pacific Income Fund Trading Down 1.0 %

FAX stock traded down $0.16 during mid-day trading on Thursday, reaching $15.73. 82,431 shares of the stock traded hands, compared to its average volume of 147,863. Abrdn Asia-Pacific Income Fund has a 52-week low of $14.56 and a 52-week high of $17.55. The stock has a fifty day moving average of $15.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date was Tuesday, March 25th.

Abrdn Asia-Pacific Income Fund Company Profile

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.