Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAF – Get Rating) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 26,000 shares, an increase of 101.6% from the March 15th total of 12,900 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is presently 0.3 days.
Shares of IAF opened at $6.07 on Friday. Aberdeen Australia Equity Fund has a 12 month low of $5.25 and a 12 month high of $6.66.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, February 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 9.88%.
About Aberdeen Australia Equity Fund (Get Rating)
Aberdeen 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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