Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Update

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 96,200 shares, an increase of 30.0% from the October 15th total of 74,000 shares. Based on an average daily volume of 134,900 shares, the short-interest ratio is presently 0.7 days.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX opened at $15.90 on Friday. Abrdn Asia-Pacific Income Fund has a 52-week low of $14.88 and a 52-week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 12.45%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Several institutional investors and hedge funds have recently modified their holdings of FAX. Koshinski Asset Management Inc. purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth approximately $30,000. CreativeOne Wealth LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $38,000. AE Wealth Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $54,000. Centaurus Financial Inc. purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at approximately $101,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 9,885 shares during the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

About Abrdn Asia-Pacific Income Fund

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.