Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Down 10.3% in October

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 74,000 shares, a decline of 10.3% from the September 30th total of 82,500 shares. Based on an average trading volume of 135,100 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Large investors have recently added to or reduced their stakes in the business. Hartline Investment Corp bought a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $115,000. J.W. Cole Advisors Inc. boosted its holdings in Abrdn Asia-Pacific Income Fund by 4.0% during the first quarter. J.W. Cole Advisors Inc. now owns 183,748 shares of the investment management company’s stock worth $514,000 after purchasing an additional 7,085 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Abrdn Asia-Pacific Income Fund by 8.7% during the first quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company’s stock worth $759,000 after purchasing an additional 21,713 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Abrdn Asia-Pacific Income Fund by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company’s stock worth $303,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Family Firm Inc. increased its stake in Abrdn Asia-Pacific Income Fund by 8.6% in the 1st quarter. Family Firm Inc. now owns 717,997 shares of the investment management company’s stock valued at $2,010,000 after buying an additional 56,924 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Down 0.4 %

Shares of FAX stock opened at $16.40 on Friday. Abrdn Asia-Pacific Income Fund has a 12 month low of $14.23 and a 12 month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 12.07%. The ex-dividend date of this dividend was Thursday, October 24th.

Abrdn Asia-Pacific Income Fund Company Profile

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.