Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 174,300 shares, an increase of 25.8% from the March 31st total of 138,600 shares. Based on an average daily volume of 1,039,600 shares, the days-to-cover ratio is currently 0.2 days.

Aberdeen Asia-Pacific Income Fund stock traded down $0.06 on Tuesday, reaching $4.28. The company’s stock had a trading volume of 694,054 shares, compared to its average volume of 967,449. The company’s fifty day moving average is $4.32. Aberdeen Asia-Pacific Income Fund has a twelve month low of $3.42 and a twelve month high of $4.61.

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, April 23rd were paid a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date was Thursday, April 22nd.

Several institutional investors and hedge funds have recently modified their holdings of FAX. FNY Investment Advisers LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at $31,000. Penbrook Management LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at $34,000. Cetera Advisor Networks LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at $48,000. National Asset Management Inc. acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at $49,000. Finally, CWM LLC lifted its stake in shares of Aberdeen Asia-Pacific Income Fund by 31.6% during the first quarter. CWM LLC now owns 12,533 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 3,012 shares during the period. 21.78% of the stock is currently owned by institutional investors and hedge funds.

About Aberdeen Asia-Pacific Income Fund

Aberdeen 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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