Short Interest in Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAF) Rises By 101.6%

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%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC grew its stake in Aberdeen Australia Equity Fund by 76.4% in the 3rd quarter. Guggenheim Capital LLC now owns 79,089 shares of the company’s stock valued at $466,000 after buying an additional 34,245 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Aberdeen Australia Equity Fund in the 3rd quarter valued at $106,000. Advisor Group Holdings Inc. grew its stake in Aberdeen Australia Equity Fund by 8.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 71,652 shares of the company’s stock valued at $423,000 after buying an additional 5,451 shares during the last quarter. Morgan Stanley grew its stake in Aberdeen Australia Equity Fund by 34.4% in the 2nd quarter. Morgan Stanley now owns 63,622 shares of the company’s stock valued at $411,000 after buying an additional 16,267 shares during the last quarter. Finally, UBS Group AG grew its stake in Aberdeen Australia Equity Fund by 623.3% in the 3rd quarter. UBS Group AG now owns 16,810 shares of the company’s stock valued at $99,000 after buying an additional 14,486 shares during the last quarter.

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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