abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Update

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 86,060 shares, an increase of 148.4% from the December 31st total of 34,641 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 261,715 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 261,715 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

abrdn Asia-Pacific Income Fund Price Performance

abrdn Asia-Pacific Income Fund stock traded up $0.12 during midday trading on Thursday, reaching $15.75. The stock had a trading volume of 287,233 shares, compared to its average volume of 229,127. The stock’s 50-day simple moving average is $15.35 and its 200 day simple moving average is $15.78. abrdn Asia-Pacific Income Fund has a twelve month low of $13.99 and a twelve month high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 12.6%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the second quarter worth about $166,000. Jane Street Group LLC acquired a new position in abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $170,000. Ameriprise Financial Inc. purchased a new position in abrdn Asia-Pacific Income Fund in the 3rd quarter worth approximately $189,000. Fisher Asset Management LLC acquired a new stake in abrdn Asia-Pacific Income Fund in the second quarter valued at approximately $187,000. Finally, CoreCap Advisors LLC raised its stake in shares of 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 purchasing an additional 3,040 shares during the period. 33.55% of the stock is owned by hedge funds and other institutional investors.

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.