abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Up 66.5% in July

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 223,313 shares, a growth of 66.5% from the June 30th total of 134,111 shares. Based on an average daily volume of 103,340 shares, the short-interest ratio is currently 2.2 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter valued at about $77,000. Jane Street Group LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund during the first quarter worth approximately $170,000. Corient Private Wealth LLC purchased a new position in abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $180,000. Ameriprise Financial Inc. purchased a new position in abrdn Asia-Pacific Income Fund during the third quarter valued at approximately $189,000. Finally, Cullen Frost Bankers Inc. increased its stake in abrdn Asia-Pacific Income Fund by 5.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company’s stock valued at $197,000 after buying an additional 683 shares during the period. 33.55% of the stock is owned by institutional investors and hedge funds.

abrdn Asia-Pacific Income Fund Trading Up 0.3%

NYSEAMERICAN FAX traded up $0.04 on Friday, hitting $14.50. 156,946 shares of the stock were exchanged, compared to its average volume of 115,905. The company’s 50-day moving average price is $14.50 and its two-hundred day moving average price is $14.98. abrdn Asia-Pacific Income Fund has a 52-week low of $14.13 and a 52-week high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd were given a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend was Thursday, July 23rd.

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.