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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 305,300 shares, a growth of 124.3% from the June 30th total of 136,100 shares. Based on an average daily volume of 891,800 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX remained flat at $2.76 during trading hours on Friday. 475,058 shares of the company traded hands, compared to its average volume of 852,508. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $2.33 and a fifty-two week high of $2.86.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be given a $0.0275 dividend. This represents a $0.33 annualized dividend and a dividend yield of 11.96%. The ex-dividend date of this dividend is Wednesday, July 24th.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors have recently made changes to their positions in the business. Koshinski Asset Management Inc. bought a new position in Abrdn Asia-Pacific Income Fund during the first quarter worth $30,000. Sar Wealth Management Group LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter worth $31,000. CreativeOne Wealth LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth about $38,000. MB Generational Wealth LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $56,000. Finally, ORG Partners LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at about $81,000. 33.55% of the stock is currently owned by 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.