Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 39,000 shares, an increase of 457.1% from the February 13th total of 7,000 shares. Based on an average daily volume of 74,000 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Abrdn Australia Equity Fund
A number of institutional investors have recently bought and sold shares of IAF. Citadel Advisors LLC lifted its position in Abrdn Australia Equity Fund by 11.1% in the 4th quarter. Citadel Advisors LLC now owns 23,755 shares of the company’s stock worth $100,000 after buying an additional 2,365 shares in the last quarter. Wells Fargo & Company MN boosted its position in Abrdn Australia Equity Fund by 28.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,263 shares of the company’s stock valued at $64,000 after purchasing an additional 3,397 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in Abrdn Australia Equity Fund in the fourth quarter valued at about $45,000. Chatham Capital Group Inc. acquired a new position in Abrdn Australia Equity Fund in the 4th quarter worth about $68,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Abrdn Australia Equity Fund during the 4th quarter worth about $100,000.
Abrdn Australia Equity Fund Price Performance
Abrdn Australia Equity Fund stock traded up $0.06 during mid-day trading on Friday, hitting $4.02. 18,246 shares of the company’s stock traded hands, compared to its average volume of 73,219. The company has a 50 day moving average price of $4.22. Abrdn Australia Equity Fund has a one year low of $3.90 and a one year high of $4.75.
Abrdn Australia Equity Fund Cuts Dividend
Abrdn Australia Equity Fund Company Profile
Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.
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