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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 27,819 shares, a drop of 48.9% from the November 30th total of 54,460 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 187,050 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 187,050 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of abrdn Asia-Pacific Income Fund

A number of institutional investors have recently added to or reduced their stakes in FAX. Amundi raised its position in abrdn Asia-Pacific Income Fund by 12.4% in the first quarter. Amundi now owns 1,005,906 shares of the investment management company’s stock valued at $15,823,000 after purchasing an additional 110,850 shares during the period. Jane Street Group LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund in the first quarter valued at about $170,000. Martin Capital Partners LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund in the second quarter valued at about $236,000. PFG Investments LLC raised its holdings in shares of abrdn Asia-Pacific Income Fund by 13.4% during the 2nd quarter. PFG Investments LLC now owns 74,351 shares of the investment management company’s stock valued at $1,184,000 after buying an additional 8,789 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in abrdn Asia-Pacific Income Fund by 49.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 21,391 shares of the investment management company’s stock worth $341,000 after acquiring an additional 7,096 shares in the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Stock Up 1.7%

FAX traded up $0.26 on Friday, reaching $15.65. 355,221 shares of the company’s stock were exchanged, compared to its average volume of 158,135. abrdn Asia-Pacific Income Fund has a twelve month low of $13.99 and a twelve month high of $16.90. The company’s 50 day moving average is $15.35 and its 200-day moving average is $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

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.