Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Short Interest Down 20.2% in February

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 46,300 shares, a decrease of 20.2% from the January 31st total of 58,000 shares. Based on an average daily trading volume, of 158,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Several institutional investors have recently added to or reduced their stakes in FAX. EP Wealth Advisors LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 792.8% during the third quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock valued at $18,231,000 after purchasing an additional 930,402 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $13,626,000. Truffle Hound Capital LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $7,360,000. Shaker Financial Services LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 638.9% during the fourth quarter. Shaker Financial Services LLC now owns 219,257 shares of the investment management company’s stock valued at $3,255,000 after purchasing an additional 189,585 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Abrdn Asia-Pacific Income Fund by 16.3% during the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company’s stock valued at $8,477,000 after purchasing an additional 80,530 shares during the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX remained flat at $15.71 during trading on Tuesday. 90,662 shares of the company traded hands, compared to its average volume of 140,306. The firm has a 50 day moving average of $15.14. Abrdn Asia-Pacific Income Fund has a one year low of $14.56 and a one year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.60%. The ex-dividend date was Friday, February 21st.

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.