Short Interest in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Increases By 30.0%

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 96,200 shares, a growth of 30.0% from the October 15th total of 74,000 shares. Based on an average trading volume of 134,900 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth $142,000. Shaker Financial Services LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth about $516,000. Cetera Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth about $516,000. Evergreen Capital Management LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after purchasing an additional 293,929 shares during the period. Finally, Matisse Capital purchased a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at about $753,000. 33.55% of the stock is owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX opened at $15.90 on Friday. Abrdn Asia-Pacific Income Fund has a 1-year low of $14.88 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.45%. The ex-dividend date of this dividend is Thursday, November 21st.

About Abrdn Asia-Pacific Income Fund

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.