Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Get Free Report) 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
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.
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