abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Up 24.5% in December

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 34,641 shares, an increase of 24.5% from the December 15th total of 27,819 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 186,615 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 186,615 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 2nd quarter worth approximately $166,000. Jane Street Group LLC purchased a new position in abrdn Asia-Pacific Income Fund in the 1st quarter worth $170,000. Ameriprise Financial Inc. bought a new stake in abrdn Asia-Pacific Income Fund in the third quarter worth $189,000. Fisher Asset Management LLC purchased a new stake in abrdn Asia-Pacific Income Fund during the second quarter valued at about $187,000. Finally, CoreCap Advisors LLC boosted its position in abrdn Asia-Pacific Income Fund by 25.3% during the third quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock valued at $245,000 after buying an additional 3,040 shares during the period. Institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX traded up $0.09 during mid-day trading on Monday, hitting $15.43. 534,708 shares of the stock traded hands, compared to its average volume of 210,074. The business’s 50-day moving average price is $15.31 and its 200 day moving average price is $15.81. abrdn Asia-Pacific Income Fund has a 12-month low of $13.99 and a 12-month high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a $0.165 dividend. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a yield of 12.8%.

abrdn Asia-Pacific Income Fund Company Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.