abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Sees Large Growth in Short Interest

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

abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX traded up $0.09 during mid-day trading on Friday, reaching $15.43. The company’s stock had a trading volume of 534,708 shares, compared to its average volume of 210,074. The stock has a fifty day moving average of $15.31 and a two-hundred day moving average of $15.81. abrdn Asia-Pacific Income Fund has a 52 week low of $13.99 and a 52 week high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

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

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC increased its position in abrdn Asia-Pacific Income Fund by 3.8% in the third quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock worth $18,400,000 after purchasing an additional 41,402 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 882,669 shares of the investment management company’s stock worth $14,052,000 after buying an additional 45,337 shares in the last quarter. Truffle Hound Capital LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 20.0% in the 2nd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock worth $9,552,000 after buying an additional 100,000 shares during the last quarter. Cetera Investment Advisers raised its position in shares of abrdn Asia-Pacific Income Fund by 3.4% during the 2nd quarter. Cetera Investment Advisers now owns 218,674 shares of the investment management company’s stock valued at $3,481,000 after buying an additional 7,173 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of abrdn Asia-Pacific Income Fund by 135.2% during the 2nd quarter. Franklin Resources Inc. now owns 211,903 shares of the investment management company’s stock valued at $3,373,000 after buying an additional 121,790 shares in the last quarter. Institutional investors own 33.55% of the company’s stock.

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.